Prop 13

to local governments to lesson the direct impact of the loss of tax revenue. Then in 1979 an Assembly Bill was passed (AB 8), which was suppose to be a permanent resolution on how to distribute the reduced amount of money.
             Assembly Bill 8 was known as "the bailout," it gave local government a predictable source of revenue which was hopefully to stop the need for state assistance. The state took approximately $2.7
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Prop 13. (2000, January 01). In MegaEssays.com. Retrieved 10:52, October 10, 2026, from https://www.megaessays.com/viewpaper/55815.html