Governor Newsom Endorses Controversial Proposition 15

Proposition 15, the measure commonly referred to as “split-roll,” recently received the Governor’s endorsement. While opposed by many major business organizations across the state (including the San Diego Regional Chamber of Commerce), the Governor’s late endorsement highlights the high-stakes battle taking place as the state is increasingly desperate to identify new revenue sources as it struggle with its budget. Polling shows that Prop 15 has an uphill climb with voters, and Chamber President and CEO Jerry Sanders recently published this op-ed warning of the undue financial stress Prop 15 would put on California’s small businesses.