OPINION: Walters: Why property tax gains aren’t solving cities’ budget woes

With California’s robust real estate market, property tax revenue for the 2018-19 fiscal year is expected to increase by at least $4 billion, yet many local governments are arguing that they will not be able to balance their budgets unless local voters raise taxes. In a column for The Mercury News, Dan Walters argues that local pension costs rising faster than revenues is the driving force behind the 254 local tax increases on the November ballot.

Click here to read the full article at The Mercury News.