CC 07-21-20 #20 Proposition 15-1 . Ballot Label_Written Communication Proposition 15 July 3, 2020
Iuitiative 19-0008 (Amdt: 1)
BALLOT LAB�L
INCREASES F'UNDING SOURC�S FOR PUBLIC SCHOOLS, CO1VIlYIUNITY ,
COLLEG�S, AND LOCAL GOV�RNM�NT SERVICES BY CHANGING TAX
ASSESSIVI�NT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE
CONSTITUTIONAL AM�NDMENT. Taxes such properties based on current market value,
instead of purchase price. Fiscal Impact: Increased property ta�ces on commercial properties
worth more than $3 million providing $6.5 billion to $11.5 billion in new funding to loca]
governments and schools.
SUBJECT TO COURT
ORDERED CHANGES