California Ballot Initiative on Commercial Property Taxes Pulled.

What initiative was being considered about commercial property taxes in California?  A 1% surcharge on real estate with assessed values more than $3 million. It’s a 1% on the 1%.

What was the purported purpose for higher commercial property taxes? Estimated to generate estimated $7.7 billion to fund anti-poverty and children’s programs

Was it an organized effort? Yes. It named itself the Lifting Children and Families out of Poverty Act

Sacramento Bee | Plug pulled on California property tax measure