City Council Approves Ballot Measures to Fund City Services, Cannabis Business License Tax, and Changes to the Personnel Board

July 27, 2022 3:54 PM

Last night, the Santa Monica City Council approved placing multiple measures on the November 8, 2022, general election ballot.

The Funding for Homelessness Prevention, Affordable Housing, and Schools measure would establish designated funds for schools, homelessness prevention, and affordable housing, and an eleven-member resident oversight committee, and provide a third-tier transfer tax rate of $56 per thousand dollars of value for property transfers of $8 million or more.

The Real Property Transfer Tax Measure would establish a third-tier transfer tax rate of $25 per thousand dollars of consideration or property value transferred. The transfer tax rate would apply solely to the amount of consideration or value transferred in excess of $8 million, would sunset after ten years with an option to extend an additional five years with a council supermajority vote, and is subject to certain exemptions. An Advisory Measure is associated with the Real Property Transfer Tax Measure, and if the Real Property Transfer Tax measure passes, voters would express their preference to direct the funds to:

If the Advisory Measure passes and the Transfer Tax Measure does not, there will be no change to the existing policy. If both the Real Property Tax Measure and the Funding for Homelessness Prevention, Affordable Housing, and Schools measures pass with 50% +1 approval, the measure with the most votes will prevail.

A measure to establish a business license tax for cannabis-related activities, up to 10% of gross receipts for the sale, distribution, delivery, and consumption of cannabis.

In addition, a measure to change the Personnel Board requirements of service as part of efforts to expand civic engagement and promote inclusive participation, and align Personnel Board member terms with other Boards and Commissions, will be on the November 8, 2022, general election ballot. The measure includes:

For more information on how to register to vote, visit santamonica.gov/process-explainers/how-to-register-to-vote.

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Tati Simonian
Acting Public Information Coordinator
Tati.Simonian@santamonica.gov

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