Bay Area students and teachers rally for school funding and Prop 13 reform

From the article:

In rallies and marches in San Jose, Oakland and San Francisco, student activists and teachers announced their support for a ballot initiative called Schools and Communities First that would weaken Proposition 13 by removing caps on business property taxes. Property taxes limits on homes would remain.

The change would raise an estimated $12 billion per year, most of which would go to local governments. In making their pitch to the public, though, proponents have emphasized the 40 percent of the money, about $4.8 billion, it would go for education. California currently spend about $67.9 billion on K-12 education.