LA Roundtable #67: Should Prop 13 Be Revised or Repealed? - Nov 04, 2011

Proposition 13 is a state constitutional amendment passed in 1978 which rolled back property taxes and strictly limited annual tax increases. As a result, California tax revenues were greatly reduced. With the state now in a serious financial bind, should Prop. 13 be amended or even discarded? We'll hear the pros and cons.