City Council Approves Ballot Measures to Fund City Services, Cannabis Business License Tax and Staff Commission Changes

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July 27, 2022 3:54 p.m.

Last night, the Santa Monica City Council approved the implementation of several measures during the November 8, 2022 general election ballot.

The Funding for homelessness prevention, affordable housing and schools The measure would establish designated funds for schools, homelessness prevention and affordable housing, as well as an eleven-member Residents’ 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 estate transfer tax would establish a third-tier tax rate of $25 per thousand dollars of consideration or property value transferred. The transfer tax rate would apply only to the amount of consideration or value transferred in excess of $8 million, expire after ten years with an option to extend for an additional five years with supermajority voting of the council, and is subject to certain exemptions. A Advisory measure is associated with the Real Estate Transfer Tax Measure, and if the Real Estate Transfer Tax Measure is passed, voters would express their preference for directing funds to:

  • Provide that at least 30% of the funds are allocated to housing assistance
  • Services to address homelessness and behavioral health
  • Public safety and emergency response teams to respond to safety issues on city streets and in parks
  • Reopen and staff Santa Monica Public Libraries
  • Provide after-school programs for public school children
  • School crossing guard near public schools

If the advisory measure is adopted and the transfer rights measure is not, there will be no change to the existing policy. If the property tax measure and the homelessness prevention, affordable housing and schools funding measures pass with 50% + 1 approval, the measure with the most votes will win .

A measure aimed at establishing a tax on business licenses for cannabis-related activitiesup to 10% of gross receipts for the sale, distribution, delivery and consumption of cannabis.

In addition, a measure aimed at modifying the Staff Council service requirements as part of efforts to broaden civic engagement and promote inclusive participation, and to align the terms of Staff Council members with those of other councils and commissions, will take place during the general election ballot on November 8, 2022 The measurement includes:

  • Reduce the term from five years to four years
  • Expand eligibility to include, in addition to residents of the city, residents of Los Angeles County who are natural persons and who are either employed full-time in the city, own real estate in the city, or who have been granted a business license by the City

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

[email protected]

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