Prop 15 Discussion with KPCC Host Larry Mantle

Larry Mantle (Host, AirTalk, KPCC) hosts a discussion regarding California Proposition 15. If passed on November 3rd, this will generate an estimated $6.5 billion to $11.5 billion annually for local governments and K-14 public education by creating a "split roll" property tax system that increases taxes on large commercial properties by taxing them at market value, without changing the assessed valuation process for other properties. Richard Green (Director, USC Lusk Center) briefly introduces the talk while Manuel Pastor (Director, USC Dornsife Equity Research Institute) and Rex Hime (President and CEO, California Business Properties Association) discuss what the ramifications of this proposition could be for California business, local municipalities, and education.