The compromise protects LA’s Measure ULA “mansion tax” from a state cap.
California voters will not decide on a sweeping tax-limitation measure this November after business interests and the Howard Jarvis Taxpayers Association struck a deal with state leaders to withdraw the proposal from the ballot.
The compromise, announced Thursday, removes the Local Taxpayer Protection Act to Save Proposition 13 in exchange for a separate constitutional amendment. Backed by Gov. Gavin Newsom and legislative leadership, the replacement measure will raise the voter threshold required to approve specific local taxes while introducing stricter hurdles for future tax-limiting initiatives…