Backers of an initiative for the 2020 ballot to increase business property taxes have changed their measure twice since introducing it in 2017. The main result of those tweaks: up to a billion dollars a year of the new taxes will be sent right back to state and local governments for implementation, overhead, and existing state programs. That’s a billion dollars a year that will be intercepted before they can be used to hire any new school teachers, police officers or firefighters.
