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Key Constitutional Amendments <br />Restricting Local Revenues <br />36 <br />A series of amendments to the California Constitution have impacted the ability <br />of local governments to generate revenues to fund services or pay debt service: <br />PROPOSITION 13 (1978) <br />»Limited basic ad valorem tax to 1% of assessed valuation, limited growth in <br />assessed valuation to 2% growth or value at sale, gave the State Legislature <br />responsibility for allocating property taxes, and imposed requirement for two- <br />third voter approval of special taxes <br />PROPOSITION 218 (1996): <br />»Addressed perceived loopholes with Prop 13, requiring simple majority voter <br />approval for general taxes, new requirements and procedures for “property <br />related fees” such as for sewer service, and limited the use of assessment <br />financing <br />PROPOSITION 26 (2010) <br />»In order to restrict the ability to mitigate externalized societal and <br />environmental costs, expanded the types of revenues classified as “taxes,” <br />thereby requiring voter approval