Business and society

label Business
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Proposition 13, the public referendum in California, is an example of what at work?

a. Political entrepreneurship

b. Congressional redistricting

c. federal mandates

d. failed public policy

Oct 16th, 2017

In the view of many California residents, Proposition 13 represents a failed public policy.  Although it has had the effect of keeping property taxes low, critics contend that it has resulted in higher home prices, no incentives for current homeowners to sell, and that it has exacerbated an already critical housing shortage.  Because of the limitations on property taxation, revenue shortages have prompted all levels of government in California to seek new forms of taxation to replace those lost revenues. 


I hope this is helpful.

May 13th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 16th, 2017
...
Oct 16th, 2017
Oct 17th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer