Overview
- Proposition 13 would raise the mandatory school homestead exemption from $100,000 to $140,000, a change that CBS reports would affect about 5.7 million homeowners and take effect this year if approved.
- Proposition 11 concerns elderly and disabled homeowners, with the Secretary of State describing it as authorizing the legislature to increase their school-tax exemption, while reports differ on the exact amount.
- CBS reports Prop 11 as raising the exemption for people over 65 and the disabled to $200,000 and affecting roughly two million seniors, whereas KXAN describes an increase from $10,000 to $60,000.
- Sen. Paul Bettencourt’s office projects average annual savings of about $484 for 5.7 million homeowners, $907 for more than two million seniors, and $2,500 for small businesses.
- Opponents warn the two measures could reduce school revenue by roughly $3 billion, while proponents say the state’s budget surplus could be used to offset district losses.