One of California’s most-watched propositions this election, Proposition 15, is on its way to failing, but it’s close. As of Nov. 9, results showed 51.8 percent of the vote was against Prop. 15, and 48.2 percent for it.
Prop. 15 would essentially raise property taxes for many commercial property owners to garner an estimated $8 billion to $12.5 billion annually for schools and local governments.
