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California's Fiscal Nightmare Can't Be Blamed On Prop. 13.(ISSUES & INSIGHTS)(VIEWPOINT)
Byline: MICHAEL J. NEW
As Proposition 13's 25th anniversary approaches, it has come under fire for California's ongoing fiscal crisis.
This criticism is unsurprising. In its 25 years, Proposition 13 has served as an all-purpose whipping boy for individuals unsatisfied with some aspect of California's budget or fiscal policy.
Indeed, Proposition 13 has been blamed for everything from poorly performing public schools to the bungled prosecution of O.J. Simpson.
However, insufficient property tax revenue is not to blame for California's current fiscal shortfall. Instead, the primary culprit is California's rapid rate of expenditure growth.
Between 1980 and 2000, state and local spending in California doubled in real terms. And since 1995, the state budget has grown by 58%.
As a result, if California residents are serious about preventing fiscal crises in the future, they should focus their efforts on curbing state spending.
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