Yes, it is a big f**king deal.
We accelerated our property tax payment to get it in this year, before the limit hits next year. This will cost us, but I hope it has the effect of finally reining in the tax-hungry politicians in Sacramento. It might even make it a useful campaign issue to get a few more Republicans into the legislature.
States trying to come up with new schemes to get around the limits.
Anything except actually reducing spending.