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Picus, Larry2
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A Brief Analysis of the Implementation of Idaho's 1% Initiative.
Picus, Larry – 1979
In November 1978, Idaho voters approved an initiative that limited property taxes to 1 percent of a property's 1978 market value and that limited the property's growth in market value to 2 percent per year. Due to the initiative's imprecise wording and incompatibility with Idaho statutes, the 1979 Idaho Legislature passed two bills designed to…
Descriptors: Educational Finance, Elementary Secondary Education, Finance Reform, Property Taxes
California and Proposition 13: A Brief Analysis.
Picus, Larry – 1979
In June 1978, California voters approved Proposition 13, limiting property taxes to 1 percent of a property's market value and limiting the property's growth in market value to 2 percent per year. The immediate effect of the limitations was to reduce property tax revenues by $7 billion, of which $3.1 billion would have gone to the schools. The…
Descriptors: Educational Finance, Elementary Secondary Education, Finance Reform, Property Taxes