News: Jon Coupal

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Voters will soon decide whether to increase taxes on improvements to buildings within the Los Angeles Unified School District, including apartments. On the June 4 ballot is Measure EE, which would levy a parcel tax of 16 cents per square foot of building improvements annually for 12 years. If approved, the measure is expected to raise $500 million per year for L.A. Unified, which is the nation’s second largest school district.

Tagged: Los Angeles

Supporters of a property tax surcharge that would have undermined Proposition 13 have abandoned efforts to qualify their measure for the November ballot. The property-tax initiative, dubbed the “Lifting Children and Families Out of Poverty Act,” aimed to create a tax surcharge on all commercial and residential properties in the state assessed at over $3 million. Collecting the 585,407 signatures required by March 21 proved too high a hurdle, campaign strategist Bill Carrick said in this Sacramento Business Journal story. Moreover, Carrick said the initiative would have faced plenty of competition for tax dollars if it managed to appear before… Read More

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Six weeks remain for supporters of an assault on Proposition 13 to qualify their measure for the November ballot. The property-tax initiative, dubbed the “Lifting Children and Families Out of Poverty Act,” would create a property tax surcharge on all commercial and residential properties in the state assessed at over $3 million. While targeted at the wealthy, the financial burden would ultimately reach small business owners and their employees. “In California, if you have a small restaurant, you’re probably renting from somebody who has a property of $3 million or more,” Allan Zaremberg of the California Chamber of Commerce says… Read More

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Strong opposition led by RHA Sacramento Valley persuaded the Sacramento Metropolitan Fire District to put its proposed property tax assessment on hold. This action spared rental property owners from a new annual assessment of $14 to $30 per unit. The Fire District had been seeking a special vote-by-mail election to gain approval of a new “Fire Suppression Benefit Assessment.” If approved, the assessment would have raised $12 million annually to reopen five engine companies closed during the recession. RHA – a chapter of the California Apartment Association — was the first business group to oppose the assessment and others quickly… Read More

Tagged: Sacramento Valley