![]() ![]() ![]() Cambodian immigrant Timothy Mom has been running it since 1990. Just down the street from Kinner’s gym, there’s a donut shop. 13 has benefited some long-term property owners in this rapidly changing Oakland neighborhood. “It just has a punitive tax specifically targeted at California employers.” “This particular initiative doesn't have any tax cuts to the sales tax or income tax to mitigate the problem,” he says. Kline says if split roll passes, it’s not clear other taxes would come down. He pays his landlord $135 a month for property taxes. Timothy Mom has been running his donut shop since 1990. “If you talk to business owners and ask them if they're getting a pretty good deal on taxes in California, they will unanimously say no,” says David Kline with the California Taxpayers Association.īusiness groups often describe property taxes as one bright spot for companies in a state that otherwise levies some of the highest taxes in the country.Ī 2018 split roll analysis from the California Legislative Analyst’s Office concluded that raising business taxes relative to other states could “influence some businesses' decisions about whether to expand in or move to California.” But overall effects on the health of the state’s economy would be uncertain, according to the report. Split roll critics say employers already pay enoughīut taxpayer groups say split roll would only make the cost of doing business in California more burdensome. Meanwhile, just across the street, a professional office center is sitting on land with a recently assessed value of about $126 per square foot. 13 lets large, older corporations benefit from much lower tax assessments than newer companies right next door.įor instance, Intel owns a plot of land in the heart of Silicon Valley with an assessed value of about $2.50 per square foot. “Every county in California would get additional revenue to go toward our local government and schools.” Alameda County alone would take in about $550 million more each year, she says. ![]() "That could pay for a lot of services, healthcare workers and teachers,” says USC researcher and study co-author Jennifer Ito. A USC study found that it could bring in an additional $11.4 billion per year statewide. Perhaps the biggest selling point for proponents of split roll is how much it would raise in new tax revenue. “But we're not in a financial crisis at the moment.” “I think that many voters look to the split roll as a possibility to help the state out of a financial crisis,” Baldassare says. PPIC president Mark Baldassare says public support is likely to dip when the economy is strong and the state’s budget is healthy. That support has dropped to 46 percent today. Sixty percent of likely voters were in favor of split roll back in 2012. However, statewide support for split roll has been declining, according to polling from the Public Policy Institute of California (PPIC). ![]()
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