This column has already discussed the "sacred cow" issue of Social Security, and I have not (yet) been run out of town, so summoning up all of my courage, I will now turn my attention to a discussion about correcting the mistakes of Proposition 13.
Proposition 13 was passed with more than 84% of votes in June 1978 by California voters who were (appropriately) angry about the never-ending raising of their property taxes. The ballot measure, which was opposed by most legislators and virtually every city and county government in the state, put a ceiling on property tax assessments at 1% of the assessed value, and also placed a limit of 2% on how high property taxes could be raised in any one year. And those assessments and formulas could not be changed unless and until the real property was sold.
Unfortunately, over time there surfaced at least three substantial inequities with this ballot measure, which, to this day, people are afraid even to discuss, much less rectify: