Split roll will raise needed revenue for California’s future: Betty Yee

A Riverside resident walks away from a voting booth at the Orange Terrace Community Center in Riverside on Tuesday, March 3, 2020. (File photo by Will Lester, Inland Valley Daily Bulletin/SCNG) I endorse Proposition 15 because it is critical to California’s long-term economic recovery strategy. As someone who grew up in a small business household and has served on the Board of Equalization and now as State Controller, I know the impacts and implementation of this measure matter. Our state, local governments and schools are reeling from declines in tax revenue, with no assurance of sustained federal financial relief to aid our recovery. Small businesses that are the backbone of local communities and economies have been subjected to reopenings in fits and starts. Minority owners have been hit the hardest as they continue to face the traditional barriers that existed prior to the pandemic. Widening inequality, persistent poverty and unaffordable housing have held back our state, even in prosperous times. During this COVID-19 economic crisis, we need bold reform that will begin to stabilize our economy while also addressing these long-term challenges. Prop. 15 is an important step forward in rebuilding our economy for the future, generating up to […]

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