CRE Keeps Wary Eye On California Election’s Big-Ticket Items
August 30, 2020 | Dean Boerner | Bisnow
California commercial real estate is keeping tabs on a number of items the state’s voters will decide come November, ranging from changing local transfer tax hikes to the groundbreaking $10B-plus “split roll” initiative.
Here are state and local ballot measures California CRE is watching most closely, starting with one that’s given CRE the jitters for decades.
Proposition 15: Increases funding for public schools, community colleges and local government services by changing the tax assessment of commercial and industrial property.
