Proposition 13 is one of the very few protections that California taxpayers have
The Los Angeles Unified School District announced Sunday they had reached a tentative labor agreement with United Teachers Los Angeles labor union, potentially easing concerns over a looming strike that threatened to disrupt classes for hundreds of thousands of students.
Billionaire climate activist and California Gubernatorial candidate Tom Steyer posted to X that “teachers got a deal.”
That “good deal” is a two-year tentative deal to “increase teachers’ salary scales by 11.65% and raise the starting teacher salary to $77,000 per year.”
Click Here to Subscribe to the California Political Review
California is set to spend nearly $150 billion on K–12 education, more than $27,000 per student, and a majority of the state’s kids can’t read at grade level or do basic math.
Steyer continued: “Now let’s fix the reason they had to strike in the first place. We need to fund our schools, and I’ll do that by changing Prop 13 so that corporations pay real estate taxes based on their property’s true value, not its value from the 1970s.”
However, Steyer is not telling the truth: California spends substantially more per K-12 student today in real (inflation-adjusted) terms than it did around the time Proposition 13 passed in 1978.
Here we go again… yet another Democrat wanna-be President/Governor is agitating to remove the constitutional cap on annual property tax increases. Steyer supports “a special election to raise corporate taxes in his first year as governor;” he wants to blow up Proposition 13.
Notably, Steyer made his fortune investing in the energy sector through his hedge fund company, the Farallon Capital Management fund, which Steyer managed until 2012. Farrallon invested in coal mines in Australia and Indonesia, as well as in tar-sands oil which is strip mined and processed to extract the oil-rich bitumen, which is then refined into oil. His climate activism is an interesting about-face.
Steyer ran for President in 2020 as a self-funded candidate, but never received pledged delegates despite spending $253 million. Steyer “went on to serve as California Governor Gavin Newsom’s top economic advisor on the Business and Jobs Recovery Task Force;” except California is bleeding jobs and businesses to low-tax states. Voters have every reason to question Steyer’s actual record.
California’s Property Tax Cap
Proposition 13 was a 1978 ballot initiative to cap property tax increases for residential and business properties and provide certainty, so property owners would not be taxed out of their homes and businesses.


















