BILL ANALYSIS                                                                                                                                                                                                    �




                     SENATE GOVERNANCE & FINANCE COMMITTEE
                            Senator Lois Wolk, Chair
          

          BILL NO:  SR 41                       HEARING:  6/11/14
          AUTHOR:  Morrell                      FISCAL:  No
          VERSION:  5/7/14                      TAX LEVY:  No
          CONSULTANT:  Grinnell                 

                     THE 36th ANNIVERSARY OF PROPOSITION 13
          

          Commemorates and reaffirms the Senate's support of the  
          Senate for Proposition 13


                           Background and Existing Law  

          Before Proposition 13 (1978), the Legislature could  
          generally enact new taxes or increase existing taxes by  
          majority vote.  Proposition 13 instead required that any  
          changes in state taxes for the purpose of increasing  
          revenues must receive approval by 2/3 vote of both houses  
          of the Legislature prior to enactment.   Proposition 26  
          (2010) subsequently modified the definition to apply the  
          2/3 requirement to bills that "results in any taxpayer  
          paying a higher tax."

          Local agency governing boards could enact taxes by  
          ordinance prior to the initiative's enactment.  Proposition  
          13 amended the Constitution to require a two-thirds vote of  
          the electorate to enact a local special tax

          Cities, counties, and special districts set property tax  
          rates on property within its jurisdiction without an  
          aggregate cap before Proposition 13.  State law required  
          assessors to revalue property annually; however, in  
          practice, assessors usually reassessed all the homes in one  
          neighborhood every three to five years.   Local agencies  
          received property tax revenue resulting from the  
          appropriate property tax rate fixed by the local agency.  

          Proposition 13 reformed property tax assessment in the  
          following ways:
                 Limited the maximum amount of any ad valorem tax on  
               real property at 1% of full cash value as shown on the  
               1975-76 tax bill.  
                 Precluded assessors from reassessing property  





          SR 41 - 5/7/14 -- PageB

               unless it was newly constructed, or changed ownership.  
                
                 Capped the growth in assessed value to 2% per year.  
                
                 Provided that the Legislature allocates property  
               tax revenue "according to law



                                   Proposed Law 

          Senate Resolution 41 commemorates the 36th anniversary of  
          Proposition 13.  The measure contains several statements  
          regarding property tax rates, taxpayer benefits, effects of  
          the initiative on the state's economy, as well as taxpayer  
          support for Proposition 13 and potential changes and  
          alternatives.  The resolution states the Legislature's  
          reaffirmation of its support for Proposition 13 and the  
          benefit it provides to individual homeowners and the  
          state's overall economy.


                               State Revenue Impact
           
          No estimate.


                                     Comments  

          1.   Purpose of the bill  .  According to the author, "During  
          the 1970s, inflation was on the rise and property tax bills  
          were soaring. These circumstances put seniors at risk of  
          losing their homes and affected first-time homebuyers  
          thinking about entering the market.   It was against this  
          backdrop that voters overwhelmingly passed Proposition 13.  
          The initiative reined in out-of-control property taxes and  
          made them more predictable and stable for homeowners. In  
          fact, the average homeowner has saved tens of thousands of  
          dollars in taxes since that time.   Additionally, unlike  
          California's sales and income tax rates, revenue from  
          property taxes has remained a reliable source of income for  
          the state. Even in the depths of the last recession,  
          property tax revenue increased while other revenue sources  
          declined.  Senate Resolution 41 simply acknowledges the  
          positive impact Proposition 13 has had on California. Its  
          taxpayer protections are still as popular today as when  
          voters passed it over three decades ago - and that support  






          SR 41 - 5/7/14 -- PageC

          cuts across party lines and ideologies. Every anniversary  
          of its passage is an opportunity to reflect on one of  
          California's most important examples of democracy in  
          action."

          2.   Yes, but  .  Proposition 13 may be the most significant  
          initiative ever enacted by California's voters: its changes  
          irreversibly reshaped fundamental aspects of California  
          governance and public finance.  However, SR 41 celebrates  
          the initiative from a specific point-of-view, and includes  
          adjectives, phrases, and causal connections that may not  
          reflect the views of the entire Legislature, including a  
          statement of the Senate's support for the initiative.   
          Should the Committee wish to amend SR 41 to celebrate the  
          initiative's more complicated history as described below,  
          it can amend it by deleting some of its terms and passages,  
          among others:
                   While inflation and property tax bills increased  
                prior to Proposition 13's enactment, are the  
                adjectives "raging" and "soaring," accurate?
                   What examples exist of property taxes forcing  
                layoffs, and closing businesses?  What specific  
                evidence demonstrates a statistically significant  
                causal connection between the two?
                   While the average homeowner and small business  
                have likely saved tens of thousands of dollars  
                annually in property taxes, how can it be shown that  
                the same money was used to create jobs and foster  
                economic development?  Foregone taxes could have been  
                used on consumption items, saved or invested in  
                financial assets, or spent outside California.
                   The measure states that proposed alternatives to  
                Proposition 13 have "unwelcome effects," including  
                "substantial tax increases for low-income and elderly  
                homeowners,"  What alternatives were these, and did  
                they target low-income persons and the elderly  
                specifically?
                   SR 41 also cites the defeat of Proposition 167  
                (1992) as an indication of a lack of favor of today's  
                voters for a split-roll.  Can the results from an  
                initiative election more than 20 years ago be  
                correctly extrapolated to today's electorate, given  
                the state's demographic and political change during  
                that time?  2012 and 2014 Public Policy Institute of  
                California polls showed that while more than 60% of  
                respondents expressed support for Proposition 13, an  
                almost equal amount favors a "split roll" property  






          SR 41 - 5/7/14 -- PageD

                tax prohibited by the initiative.  
                   The resolution reaffirms the Legislature's  
                support for the measure, and its benefit to  
                homeowners and the state's economy.  While homeowners  
                have certainly benefitted from Proposition 13, no  
                empirical data shows that it produced a net benefit  
                for the state's economy.  Given the initiative's more  
                nuanced and complicated effects described below,  
                should the Legislature instead recognize the  
                anniversary of the initiative's enactment, and its  
                significance and effect on California's system of  
                governance and public finance without declaring its  
                support or characterizing it as a benefit to the  
                economy? 

          3.   The rest of the story  .  Enacted over 30 years ago,  
          Proposition 13 remains controversial today.  California  
          property owners pay less property tax, and enjoy the  
          additional benefits of increased certainty due to the  
          initiative's limitations on assessed value growth and  
          reassessments.  Additionally, the initiative placed voting  
          thresholds on the Legislature and local agencies seeking to  
          raise taxes where none existed before, likely contributing  
          to a lower tax burden for Californians.  However, enacting  
          Proposition 13 did not occur without tradeoffs.  Economists  
          and academics have researched the measure's legacy  
          copiously, and their findings include: that the initiative  
          shifted the burden of financing public services from  
          property taxes onto other revenue streams, with undesirable  
          consequences; transferred property tax allocation powers to  
          the state; and created considerable distortions and  
          inequities in the housing market.  

          Proposition 13 reduced public revenues, however, the state  
          ameliorated much of the revenue loss, and local agencies  
          found other ways to finance public services.  Proposition  
          13 resulted in a property tax revenue loss of 51% percent  
          in the first year after enactment, but the state assumed  
          health and human services programs from the counties,  
          shifted property taxes from schools to local agencies, and  
          provided a $2.7 billion bailout to local agencies in 1978.   
          Local agencies took other steps, such as relying more on  
          sales taxes, and increasing fees and charges, which did not  
          for the most part require voter approval until Proposition  
          218 (1996), thereby shifting the burden of financing public  
          services away from property taxes.   Sometimes, costs were  
          aligned with services; for example, housing developers now  






          SR 41 - 5/7/14 -- PageE

          pay significant fees for infrastructure, permitting, and  
          environmental review, which they attempt to pass on to  
          homebuyers.  Other fees did not bear such a relationship,  
          such as the 48% increase in revenues from library fines,  
          garbage collection fees, and sewer charges between 1979 and  
          1983.  Local agencies often became more entrepreneurial,  
          using redevelopment until recently to capture property tax  
          increments, making land-use decisions based on sales tax  
          revenue consequences instead of sound land use practices,  
          and offering economic incentives to businesses that  
          generate significant sales tax revenue to locate in its  
          jurisdiction, such as big-box stores and auto  
          dealerships.<1> 

          The initiative also fundamentally changed California's  
          state-local fiscal relationship.  Proposition 13 required  
          that property tax revenues be allocated "according to law,"  
          meaning that the Legislature would determine how property  
          tax revenues would be allocated among local agencies in a  
          county levying a property tax. Previously, each local  
          jurisdiction set the property tax rate within its  
          jurisdiction.  The Legislature decided to freeze current  
          allocations within a county, locking in each agency's share  
          of the property tax regardless of future changes in  
          demographics or service demand (AB 8, Greene, 1979); these  
          allocation shares have been locked in for the last  
          thirty-five years.  Proposition 13 also laid the foundation  
          for the Legislature to shift property tax revenues from  
          local agencies to schools in 1992-93, 1993-94, 2004-05, and  
          2005-06 to meet the state's public education spending  
          obligations under Proposition 98 (1998).   

          While it reduced total taxes, Proposition 13 caused  
          distortive and inequitable tax consequences for California  
          taxpayers.  Under Proposition 13, the date a taxpayer  
          purchased a property sets a taxpayer's property tax more so  
          than its actual market value by locking in a property's  
          assessed valuation from the 1975-76 fiscal year until  
          ownership changes or the property is newly constructed.   
          Property owners have a significant incentive not to move  
          residences, because a new home's purchase price determines  
          its property taxes, which could exceed the taxes determined  
          by the original property's factored base year value.  While  
          -------------------------
           <1>
           Chapman, Jeffrey; "Proposition 13: Some Unintended  
          Consequences," Public Policy Institute of California,  
          September, 1998





          SR 41 - 5/7/14 -- PageF

          Propositions 60 (1988) and 90 (1990) allow disabled  
          taxpayers or those over the age of 55 to transfer base year  
          values to properties of equal or lesser value than the  
          original property, locking in the base year leads taxpayers  
          to make different decisions on housing to due to tax  
          implications, distorting the function of a normal market.   
          Additionally, locking in assessed valuations and limiting  
          growth caused taxpayers owning identical homes on the same  
          street to pay vastly different property tax amounts; newer  
          homebuyers bear a proportionally larger share of the burden  
          for financing public services than longer term residents.  

          4.   On subsidiarity  .Proposition 13 is often regarded as a  
          critical change in tax policy.  However, by shifting  
          control of property tax allocation from local agencies to  
          the state, and limiting local revenue raising ability, the  
          initiative and changes that followed fundamentally altered  
          the relationship between citizens and their government,  
          empowering the state to the detriment local agencies.   
          Before Proposition 13, local agencies exercised "home rule"  
          powers over local revenue sources: local taxes paid for  
          local services, with some state intrusions.  Voters chose  
          their priorities when selecting officials to lead these  
          local agencies, who set local tax rates, and then voters  
          held officials accountable at the next election.  Today,  
          local agencies have little flexibility to raise revenues  
          due to the initiative's limitation on property tax rates  
          and the 2/3 vote threshold for enacting new or higher  
          special taxes.  Researchers state that Proposition 13 and  
          subsequent legislative action severely undercut local home  
          rule powers by establishing a fiduciary relationship on the  
          part of the state toward local agencies.<2>   Counties  
          particularly are reliant on state funding and must  
          implement state programs as legal subdivisions of the  
          state.  Researchers add that any policy discussions between  
          state and local agencies have deteriorated as a result,  
          describing the fiscal relationship that evolved between  
          state and local agencies as "a zero-sum political  
          atmosphere in which fiscal considerations dominate  
          intergovernmental policymaking."<3>

          5.   Not so fast?  .  The Committee approved six measures at  
          its May 15th, 2013 hearing that change the vote threshold  
          -------------------------
          <2> Barbour, Elisa, "State-Local Fiscal Conflicts in  
          California: From Proposition 13 to Proposition 1A," Public  
          Policy Institute of California, December, 2007
          <3> Ibid.





          SR 41 - 5/7/14 -- PageG

          for special taxes enacted by Proposition 13:
                 SCA 3 (Leno) - allows school districts, community  
               college districts, and county office of education to  
               levy parcel taxes at 55% vote.
                 SCA 4 (Liu) - allows local agencies to levy,  
               extend, or increase special taxes at 55% vote for  
               local transportation projects.
                 SCA 7 (Wolk) - lowers the vote threshold for bonded  
               indebtedness incurred to construct, reconstruct,  
               rehabilitate, or replace public libraries; allows  
               local agencies to levy, extend, or increase special  
               taxes at 55% vote to fund public libraries.
                 SCA 8 (Corbett) - allows local agencies to levy,  
               extend, or increase special taxes at 55% vote for  
               local transportation projects.
                 SCA 9 (Corbett) - allows local agencies to levy,  
               extend, or increase special taxes at 55% vote for  
               community and economic development projects.
                 SCA 11 (Hancock) - allows local agencies to levy,  
               extend, or increase special taxes at 55% vote for any  
               purpose.

          With the exception of SCA 3, which was amended for other  
          purposes and recently enacted as Proposition 42, all the  
          measures are currently in the Senate Committee on  
          Appropriations awaiting hearings.

          6.   Six squared  .  The Committee defeated an almost  
          identical resolution celebrating the 35th Anniversary of  
          Proposition 13 (SCR 25, Wyland), and the former Committee  
          on Revenue and Taxation, a predecessor to this Committee,  
          also defeated the almost identical SCR 116 (Harman, 2008).


                         Support and Opposition  (6/5/14)

           Support  :  California Taxpayers Association, Howard Jarvis  
          Taxpayers Association.

           Opposition  :  None  
          received.