Quick Guide to Propositions
Proposition 015 - Increases funding for public schools, community colleges, and local government services by changing tax assessment of commercial and industrial property. initiative constitutional...
Proposition 015 - Increases funding for public schools, community colleges, and local government services by changing tax assessment of commercial and industrial property. initiative constitutional...
Summary
Taxes such properties based on current market value, instead of purchase price. Fiscal Impact: Increased property taxes on commercial properties worth more than $3 million providing $6.5 billion to $11.5 billion in new funding to local governments and schools
Money Raised
Chart depicts total fundraising by all committees primarily formed for and against Prop 15.Totals are updated daily with contributions from Power Search 
and adjustments from the most recent Political Reform Division analysis.
Largest Contributions
Showing the 10 largest contributions to committees formed primarily for and against Prop 15 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
Yes on Prop 15
10/16/2020
08/11/2020
10/01/2020
02/18/2020
08/10/2020
08/27/2020
12/27/2019
03/09/2020
08/04/2020
09/17/2020
No on Prop 15
10/09/2020
10/16/2020
10/22/2020
09/11/2020
09/18/2020
09/04/2020
10/02/2020
08/14/2020
10/23/2020
10/26/2020
What your vote means
Yes
A YES vote on this measure means: Property taxes on most commercial properties worth more than $3 million would go up in order to provide new funding to local governments and schools.
No
A NO vote on this measure means: Property taxes on commercial properties would stay the same. Local governments and schools would not get new funding.
More on Proposition 15
For background on Proposition 15, an analysis by the legislative analyst, endorsements for and against the measure, and more...
- Read the California Voter Information Guide.
Arguments
Pro
Prop. 15 is a fair and balanced reform that: closes property tax loopholes benefitting wealthy corporations, cuts taxes for small businesses, protects homeowners and renters, requires full transparency and reclaims billions of dollars for schools and local communities. Supported by nurses, teachers, small business owners, affordable housing advocates and community organizations
Con
Prop 15 is a $12.5 billion property tax increase that raises our cost of living and makes everything we buy – food, gas, utilities, day care and health care – more expensive. Prop 15 repeals taxpayer protections in Prop 13. NO on Prop 15!
Campaigns
For
Schools and Communities First—Yes on Prop 15
731 South Spring St.
Los Angeles, CA 90014
(213) 935-8009
info@schoolsandcommunitiesfirst.org
yes15.org
Against
(916) 538-0376
info@NOonProp15.org
www.NOonProp15.org