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Following the decision in California Cannabis Coalition, to the extent a local tax increase initiative evades the constitutional two-thirds voter approval requirement for special taxes under Proposition 13 and/or Proposition 218, as a legislative remedy that tax may be reduced or repealed by the local electorate using the local initiative power ...
Proposition 218 is an adopted initiative constitutional amendment in the state of California that appeared on the November 5, 1996, statewide election ballot. [1] Proposition 218 revolutionized local and regional government finance in California. [2]
Propositions can be placed on the ballot either through the exercise of the initiative power by the voters or by a vote of the state legislature. The state initiative power was added to the California constitution in 1911 as part of the ethics reform instituted by Governor Hiram Johnson in the early 1910s.
Is California’s tax burden worse than in Texas or Florida?
Citing California’s budget deficit, the Democratic governor wants to save around $613 million in state funds by delaying pay increases for a year for about 150,000 disability care workers. The ...
California voters on Tuesday approved Proposition 35, the measure that cements an existing tax on health plans to help fund the Medi-Cal program, as election results continued to be tallied Wednesday.
They also say that deciding tax increases in referendums is more democratic, as legislators may be beholden to lobby groups, special interests, and lobbyists. One prominent advocacy group in favor of TABOR is Americans for Prosperity. Many of their 20 state chapters are currently working on plans to implement TABOR in their respective states.
California companies that go public, for example, can create a stock windfall for its founders and big tax bills. In 2022 and 2023, the number of companies that went public is down 80% compared to ...