The most contentious issue California voters face on Nov. 3 is not the Presidential election—polls show voters are firmly decided. Rather, it is a tax measure, Proposition 15, which has heavy hitters for it and against it.
Proposition 15 would amend the California constitution to change the way commercial and industrial real estate is taxed, basing it on current market value. Presently, all property, residential and commercial, is taxed based on its last purchase price.
The measure, sometimes called the “split-roll initiative,” excludes commercial agricultural land and commercial properties worth less than $3 million from being reassessed at current market value. The non-partisan Legislative Analyst’s office estimates that Proposition 15 could bring between $6.5 billion to $11.5 billion per year when it is fully implemented in 2025.
Sixty percent of the revenues from Proposition 15 (after it pays the state and local tax assessors for the costs of implementing the
Cascade County has hired two contractors for $68,281 to paint eight barns and put a new roof on another barn at Montana ExpoPark as part of ongoing improvements during a slowdown in events due to COVID-19.
Commissioners approved a $36,945 contract Tuesday for C’s Painting Plus of Great Falls to complete the painting work, which is now underway.
Also OK’d as part of that contract was a $7,389 contingency the county can tap if needed, making the total project cost potentially $44,334.
Seven horse barns, the Test Barn, race office and