Editor: What does Prop ….

Editor:

What does Prop 15 mean for you as residents here in Leisure World? The so-called split commercial/ residential tax roll on the November ballot is being advertised as solely a commercial property tax. But could it unravel Proposition 13 property tax protections even for residential properties or for us here in LW? The biggest take away if this proposition passes is that small businesses will lose the 2 percent ceiling of property tax increases. This 2 percent is the maximum amount the state of California can raise property taxes each year for all property owners and could impact residential property.

Will this increase to large businesses trickle down to small businesses? Do you want your small businesses to go under or for us to have to pay more to keep these business afloat because the state can raise property taxes higher than the 2 percent with this proposition passing?

California has a 7.25 percent sales tax (in some cities even higher). Do you think this will be rolled back because of the passing of Proposition 15? Please read and do your homework for what is best for you as Leisure World residents and the small businesses you support. This could be a slippery slope for all of us in California.

Beth Mayer Mutual 9