If the people wanting that very change simply organized the requisite petition drive, I'm guessing it would pass easily. That's how Prop 13 was installed in the first place -- the Jarvis-Gann initiative amendment. Same with the California Lottery and legalized marijuana (I think the latter was just statute law, which has a lower number of required signatures.)
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But companies don't vote.
If the people wanting that very change simply organized the requisite petition drive, I'm guessing it would pass easily. That's how Prop 13 was installed in the first place -- the Jarvis-Gann initiative amendment. Same with the California Lottery and legalized marijuana (I think the latter was just statute law, which has a lower number of required signatures.)
It requires a 2/3 majority to change it. Good luck.
No. An Initiative Constitutional Amendment requires only a simple majority of 50%+1 of votes for passage.
For example, Prop 13 itself passed with "only" 62.6%.