{"id":5478,"date":"2020-10-13T17:08:04","date_gmt":"2020-10-14T00:08:04","guid":{"rendered":"https:\/\/abundanthousingla.org\/?p=5478"},"modified":"2020-10-14T15:02:21","modified_gmt":"2020-10-14T22:02:21","slug":"our-ballot-initiative-endorsements","status":"publish","type":"post","link":"https:\/\/abundanthousingla.org\/our-ballot-initiative-endorsements\/","title":{"rendered":"Our Ballot Initiative Endorsements"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This November, Angelenos will cast their votes for Congress, the California Legislature, city council, judges, county officials, and (of course) the most consequential presidential election of our lifetimes. They will also have the opportunity to weigh in on twelve state <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/California_ballot_proposition\"><span style=\"font-weight: 400;\">ballot propositions<\/span><\/a><span style=\"font-weight: 400;\"> and a county measure. These initiatives are part of California\u2019s system of direct democracy, offering Californians a yes or no vote on various issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of these initiatives involve housing policy, which is why Abundant Housing LA has endorsed:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A <\/span><b>yes<\/b><span style=\"font-weight: 400;\"> vote on Proposition 15<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A <\/span><b>no<\/b><span style=\"font-weight: 400;\"> vote on Proposition 19<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A <\/span><b>yes <\/b><span style=\"font-weight: 400;\">vote on County Measure J<\/span><\/li>\n<\/ul>\n<h3><b>YES on Proposition 15<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Proposition 15 would reform California\u2019s property tax system, eliminating a major tax break for commercial and industrial real estate and raising an estimated $11.5 billion per year in new funding for schools and local governments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5481 alignleft\" src=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/1-1-300x300.png\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/1-1-300x300.png 300w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/1-1-100x100.png 100w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/1-1-150x150.png 150w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/1-1.png 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Currently, property owners pay taxes based on the price they originally paid for the real estate, not what the property is worth today. This provides a massive, unjustified tax subsidy to longtime property owners. Prop 15 would create a \u201csplit-roll\u201d system, where most commercial and industrial real estate would be taxed based on its market value, while residential property taxation would be unchanged.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We believe that Prop 15 will mitigate the housing crisis in two major ways. First, by eliminating corporate property tax loopholes, it will encourage new housing production on urban infill sites that are often vacant or underutilized. Second, it will generate billions in new local funding for affordable housing production and preservation. According to the <\/span><a href=\"https:\/\/www.yes15.org\/\"><span style=\"font-weight: 400;\">Yes on 15 campaign<\/span><\/a><span style=\"font-weight: 400;\">, 92% of this new funding would come from just 10% of California\u2019s commercial properties, including properties owned by major corporations like <\/span><a href=\"https:\/\/www.kcrw.com\/news\/shows\/greater-la\/california-props-13-and-15-public-school-funding\/prop-15\"><span style=\"font-weight: 400;\">The Walt Disney Company<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Abundant Housing LA believes that these reforms represent a critical opportunity to help solve California\u2019s housing shortage, and encourages a <\/span><b>YES <\/b><span style=\"font-weight: 400;\">vote on Prop 15.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>NO on Proposition 19<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Proposition 19 would tweak the rules for residential property taxation, limiting one difficult-to-justify tax break, but expanding another one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5482 alignright\" src=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/2-1-300x300.png\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/2-1-300x300.png 300w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/2-1-100x100.png 100w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/2-1-150x150.png 150w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/2-1.png 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Under <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/1978_California_Proposition_13\"><span style=\"font-weight: 400;\">California\u2019s Proposition 13 (1978)<\/span><\/a><span style=\"font-weight: 400;\">, homeowners are taxed based on the price they originally paid for their home, not what the property is worth today. This means that longtime homeowners benefit from artificially low property taxes. The law also allows homeowners over 55 to maintain these low property taxes when they move, so long as their new home costs no more than the selling price of their old home. This system, called \u201ctax portability\u201d, allows homeowners to transfer low property taxes to a newly purchased home.<\/span><\/p>\n<p>Prop 19 would expand tax portability, <b>causing it to apply to cases where a new home costs more than the selling price of their old home<\/b>. This means more homeowners would be able to take their property tax breaks with them when they move, which would reduce property tax revenue and generally benefit wealthier homeowners.<\/p>\n<p><span style=\"font-weight: 400;\">However, Prop 19 isn\u2019t all bad &#8211; it would also limit a tax break for inherited property. Currently, children can inherit their parents\u2019 primary residence while continuing to pay tax on the property based on its original purchase price. This applies even for high-value homes, rental properties, and vacation houses. California is the only state that allows this.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under Prop 19, children would only be eligible for the tax break if the inherited home is their primary residence, and the tax break would only apply to the first $1 million of property value. More expensive properties, <\/span><a href=\"https:\/\/www.latimes.com\/politics\/la-pol-ca-california-property-taxes-elites-201808-htmlstory.html\"><span style=\"font-weight: 400;\">like Jeff Bridges\u2019 inherited house in Malibu<\/span><\/a><span style=\"font-weight: 400;\">, would be taxed based on their current market value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We would like to see the inheritance loophole closed, but not at the cost of creating another property tax loophole. Rather than tinkering around the margins of a badly flawed property tax system that benefits longtime homeowners and punishes new ones, it would be better to reform Prop 13 altogether. Abundant Housing LA encourages a <\/span><b>NO <\/b><span style=\"font-weight: 400;\">vote on Prop 19.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>YES on Measure J<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Measure J would permanently reallocate 10% of Los Angeles County\u2019s general fund (<\/span><a href=\"https:\/\/laist.com\/elections\/2020\/props\/los-angeles-county-voters-ballot-charter-amendment-divest-sheriffs-department-10-percent-budget.php\"><span style=\"font-weight: 400;\">roughly $360-500 million<\/span><\/a><span style=\"font-weight: 400;\">) to finance alternatives to incarceration. This would include community investments like affordable housing, youth development, mental health care, and criminal justice diversion programs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5483 alignleft\" src=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/3-1-300x300.png\" alt=\"\" width=\"280\" height=\"280\" srcset=\"https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/3-1-300x300.png 300w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/3-1-100x100.png 100w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/3-1-150x150.png 150w, https:\/\/abundanthousingla.org\/wp-content\/uploads\/2020\/10\/3-1.png 500w\" sizes=\"(max-width: 280px) 100vw, 280px\" \/>The nationwide protests against police brutality and racial injustice have highlighted the need for major reforms in policing and the justice system, as well as the need to reverse decades of disinvestment in lower-income communities and communities of color. Among other worthwhile community investments, Measure J would help finance affordable housing production and preservation. This would expand lower-income households\u2019 access to quality housing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And with the L.A. County Sheriff\u2019s Department involved in <\/span><a href=\"https:\/\/www.nytimes.com\/2020\/01\/16\/us\/lee-baca-prison.html\"><span style=\"font-weight: 400;\">frequent scandals<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.latimes.com\/california\/story\/2020-07-30\/sheriff-clique-compton-station-executioners\"><span style=\"font-weight: 400;\">accused of major abuses of power<\/span><\/a><span style=\"font-weight: 400;\">, it\u2019s more important than ever to shift funding towards more uplifting ways of maintaining public safety. Measure J funds cannot be spent on the Sheriff&#8217;s Department, District Attorney&#8217;s office, Probation or Superior Courts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For these reasons, Abundant Housing LA encourages a <\/span><b>YES <\/b><span style=\"font-weight: 400;\">vote on Measure J.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; This November, Angelenos will cast their votes for Congress, the California Legislature, city council, judges, county officials, and (of course) the most consequential presidential election of our lifetimes. They will also have the opportunity to weigh in on twelve state ballot propositions and a county measure. These initiatives are part of California\u2019s system of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[38,3,52],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Our Ballot Initiative Endorsements - Abundant Housing LA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abundanthousingla.org\/our-ballot-initiative-endorsements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our Ballot Initiative Endorsements - Abundant Housing LA\" \/>\n<meta property=\"og:description\" content=\"&nbsp; This November, Angelenos will cast their votes for Congress, the California Legislature, city council, judges, county officials, and (of course) the most consequential presidential election of our lifetimes. 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