Constitutional Amendment A Direct Assault on Prop. 13
June 18, 2013 By Jon Coupal
For millions of California homeowners, Saturday was a day that will live in infamy. Without a single public hearing, the California Assembly passed Assembly Constitutional Amendment No. 8 (ACA 8), the most egregious attack on Prop. 13 ever to come out of the Legislature.
ACA 8 would repeal Prop. 13’s requirement that local “special taxes” (taxes intended for a specific purpose or purposes) be approved by a two-thirds vote. Instead, special taxes imposed for the repayment of local bonded indebtedness would be reduced to 55%. The ostensible justification for ACA 8 is to make it easier to finance local “infrastructure.”
-- Political Pistachio Conservative News and Commentary
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