People refer to Prop 13 as if it's going to be the budget-savior, but don't forget that property taxes are distributed to municipalities (counties and cities), so if Prop 13 was dropped, wealthy cities would get even more revenues, while ghettos would remain the same, as there's more turnover at low-end of the real estate market (so constant reassessment of property values that more or less follows the boom and bust cycle).
City of Mountain View ran at a profit for a few years, from what I recall, so having more money from Google might result in couple of additional parks or extra lanes on Shoreline, but not going to be the game changer for South Central LA.
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People refer to Prop 13 as if it's going to be the budget-savior, but don't forget that property taxes are distributed to municipalities (counties and cities), so if Prop 13 was dropped, wealthy cities would get even more revenues, while ghettos would remain the same, as there's more turnover at low-end of the real estate market (so constant reassessment of property values that more or less follows the boom and bust cycle).
City of Mountain View ran at a profit for a few years, from what I recall, so having more money from Google might result in couple of additional parks or extra lanes on Shoreline, but not going to be the game changer for South Central LA.