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Proposition 21, the November ballot measure that would return extreme, 1970s-style rent control to California, could result in “a potential reduction in state and local revenues in the high tens of millions of dollars per year over time,” says the non-partisan Legislative Analyst’s Office.
In a recently released report on the measure, the Legislative Analyst’s Office said “some landlords would sell their rental housing to new owners who would live there,” which would result in less affordable housing available to the state’s renters.
The office further noted that, if Proposition 21 were to become law “the value of rental housing… Read More
Tagged: ElectionsProposition 21
California’s non-partisan Legislative Analyst’s Office has said that Proposition 10 — the ballot measure that would repeal the Costa-Hawkins Rental Housing Act — could cost local governments up to “tens of millions of dollars per year” in new costs and that the state could lose up to “hundreds of millions of dollars per year” in revenues.
The Legislative Analyst’s Office shared those findings in an analysis of Proposition 10 included in an Official Voter Information Guide published this week by the California Secretary of State’s Office.
Of those costs, the San Francisco Chronicle Editorial Board writes, “That’s the sobering bill… Read More
Tagged: Costa-HawkinsElectionsNews