3 ms·
It gets even better. Because commercial property taxes are so low, the state is forced to rely more on income and sales taxes. Unfortunately these taxes source
by jyounker 7y ago
It gets even better. Because commercial property taxes are so low, the state is forced to rely more on income and sales taxes. Unfortunately these taxes source are affected much more by recessions. Things go to crap, and the state's coffers empty out.
Welcome to why California has budget problems in recessions!