San Francisco Real Estate - Residential

C.A.R.-Supported Ballot Measures Approved, PROPOSITION 90 DEFEATED

Four statewide ballot measures supported by C.A.R. were approved by voters during [last Tuesday''s] election. Propositions 1A, 1B, 1C, and 1E passed, authorizing bonds for highway rehabilitation projects, state housing initiatives, flood protection, and levee repair. The Association supported these public works measures because they are consistent with C.A.R. policy and stand to benefit the real estate industry.

Voters also voted against two measures C.A.R. opposed. More than 75 percent of voters said "no" to Proposition 88, the measure to increase property taxes by $50 a year to raise money for schools. Proposition 90, which aimed to prohibit the government's right to seize real property, also failed to pass. C.A.R. opposed Proposition 90 because it would limit the government's authority to adopt certain land use, housing, consumer, environmental and workplace laws and regulations, and would eliminate all redevelopment in California.

More info

- California Association of Realtors

Read the previous related article explaining the propositions here.

posted by SFResidence.com @ 7:37 AM