Defeat of California Prop. 15 denies schools more revenue

The defeat leaves schools and community college without a prospect of additional long-term revenue while they're facing a pandemic that has hit low-income communities particularly hard, and potentially years of funding cuts and slow economic growth.

California voters reject revamp to property tax system

California voters have rejected a proposal to partially dismantle the state's 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.