Prop 15 Defeated
Proposition 15, the largest property tax increase in California history, was defeated by a margin of more than 550,000 votes!
This ends a challenge to dismantle major portions of Proposition 13, including tax protections for your buildings.
BOMA/GLA was a major leader in this campaign to save you and your tenants from an $11.5 billion tax increase. From co-chairing the campaign efforts to raising tens of thousands of dollars against this initiative, we were on the front lines – and could not have succeeded without the support of our members.
Thanks to you, we were able to organize and educate voters on how Proposition 15 would damage California’s economy, families, small businesses, and everyday consumers.
BOMA/GLA also led the fight to defeat SB 939 earlier this year, which would have enabled most of your tenants to legally avoid rent payments and many others to unilaterally exit their leases early.
Between defeating Prop 15 and SB 939, our members have proven that our industry wins when it is organized.
Prop 15 was our biggest fight in a generation, but it’s far from our last challenge.
We need your continued involvement in BOMA/GLA to ensure that we can continue to successfully advocate on behalf of the Commercial Real Estate Industry.
Thank you again for your role in helping us defeat Proposition 15!