On Monday, a coalition of roughly 30 teachers, nurses, and parents gathered outside of the Bank of America building at 555 California Street – a building owned in part by Donald Trump — to support Prop 15.
The ballot measure would amend the California state constitution to tax commercial and industrial properties, except those zoned as commercial agriculture and residential properties, based on their market value rather than their purchase price. Residential properties would keep the 2 percent annual property tax increase threshold for residential properties established in 1978 by Prop 13...