Later this week, proponents of the Local Taxpayer Protection Act to Save Prop. 13 initiative will submit over 1 million signatures to county election officials throughout California. The measure, if approved by voters, will restore the letter and spirit of Proposition 13 in two important ways. First, it reverses the court-created loophole in the two-thirds vote requirement that has allowed special interest groups to easily impose their own tax hikes using the local initiative process. Second, it will restore Prop. 13’s ban on real estate transfer taxes that steal the equity of homeowners when they sell their property. The Local...