This article from City Journal suggests that California's much-reviled Proposition 13 limits on increases in property tax is not at fault for the state's crippling fiscal situation.
"According to liberals in politics, journalism, and academia, Proposition 13 is the reason for California's worsening fiscal nightmare and the declining quality of the state's public services, and the motives behind it were deplorable. And because Prop. 13 ignited a national tax revolt that remains potent, the Left also blames the measure for much of what it thinks has gone wrong in American political life generally over the past three decades.
Yet no matter how often their moral and intellectual "superiors" denounce them, California taxpayers continue to insist that the problem isn't their purported stinginess but their government, which makes lousy use of the considerable funds that it continues to receive. On this point, the voters aren't being stubborn, greedy, or stupid. The voters are right."
Author William Voegeli argues that the state's spending policies are really what put it in the situation it's currently facing.
FULL STORY: Don’t Blame Proposition 13

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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research