October 17, 1996

1% Initiative

In this hour long Dialogue Election 1996 special, guests discuss Proposition 1: The 1% Initiative. The 1% initiative has appeared on the ballot in 1978, 1992 and in 1994 proponents tried to get in on the ballot but failed to get the necessary signatures. If passed it would limit property tax to no more than 1% of taxable value and shift school funding from property tax revenue to the general fund.