TheRealEstateScene.com
In the November election, California voters will decide on 11 propositions. Here’s everything you need to know about Proposition 10.
PROPOSITION 10: Expands local governments’ authority to enact rent control on residential property. Initiative statute
SUMMARY: A “YES” vote supports letting local governments adopt rent control and abolishes the existing Costa-Hawkins Rental Housing Act.
Current law limits the adoption of Rent Control in California.
HOW DID IT GET ON MY BALLOT: Supporters of Prop. 10 collected enough signatures of registered California voters to qualify it.
DID YOU KNOW: Prop. 10’s opponents have raised considerably more money than Prop 10’s supporters, $34,796,755 compared to the $12,610,741 collected by supporters.*
IMPACT TO TAXPAYERS: Potential net reduction in state and local revenues (property taxes) of tens of millions of dollars per year in the long term. Depending on actions by local communities, revenue losses could be less or considerably more.
Legislative Analyst’s Office Analysis of Proposition 10
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