How does Proposition 98, passed in 1988, try to correct for the unintended consequences of Proposition 13?
O Proposition 98 repeals Proposition 13 by removing the 1% limit on yearly property tax assessments.
O Proposition 98 raises the assessment limit to 4% in keeping with other states and localities.
O Proposition 98 requires the state to refund property taxes to veterans.
O Proposition 98 requires the state to spend 40% of its annual revenue on K-14 education.