Revisiting Proposition 13
January 11th, 2008 by AptBldgTraderIt is estimated that the state of California’s budget gap is approximately $14-million and Gov. Arnold Schwarzenegger is expected to announce that California is in a state of fiscal emergency! As the Governor and his advisors’ strategize to find means of closing the gap, one option that is being researched to create more income for the state is revisiting Prop. 13.