CC RES 2020-058 RESOLUTION NO. 2020-58
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES, CALIFORNIA, OPPOSING
PROPOSITION 15, THE CALIFORNIA SCHOOLS AND LOCAL
COMMUNITIES FUNDING ACT OF 2020, IN THE NOVEMBER 3,
2020 ELECTION
WHEREAS, On June 6, 1978, Proposition 13, officially titled the "People's
Initiative to Limit Property Taxation," was overwhelmingly approved by California's
voters, reducing property tax rates on homes, businesses and farms, and capping the
rate of tax increases in the future; and
WHEREAS, Proposition 13 capped property tax to no more than one percent of
the purchase price (at the time of purchase) with an annual adjustment of two percent,
providing taxpayers with a new measure of certainly with respect to their annual
property tax payments; and
WHEREAS, for more than 40 years, Proposition 13 has provided certainty to
homeowners, farmers and businesses that they will be able to afford their property tax
bills in the future; and
WHEREAS, a proposed statewide Proposition 15, if approved by California
voters on November 3, 2020, would amend Proposition 13 to base the tax assessment
of commercial and industrial properties worth more than $3 million on the current market
value not the purchase prices; and
WHEREAS, Proposition 15 would eliminate those Proposition 13 protections for
commercial and industrial properties, creating a split tax roll; and
WHEREAS, This new "split-roll" tax system would increase the property taxes for
commercial and industrial property owners, placing an undue economic burden on
owners and potentially lessees; and
WHEREAS, California's small businesses are already struggling through
an unprecedented economic crisis and millions of Californians are out of work; and
WHEREAS, Proposition 15 small business exemptions will not protect the
majority of small business in the City of Rancho Palos Verdes from the largest property
tax increase in California history; and
WHEREAS, Proposition 15 increases the cost of goods, services, and living for
the residents of the City of Rancho Palos Verdes
NOW, THEREFORE, the City Council of the City of Rancho Palos Verdes does
hereby resolve as follows:
Resolution No. 2020-58
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Section 1: The City of Rancho Palos Verdes hereby opposes Proposition 15,
initiative Constitutional Amendment known as the California Schools and Local
Communities Funding Act of 2020. The City Council finds that residents and businesses
in Rancho Palos Verdes would be negatively impacted due to the rise in business and
corporate property taxes, with businesses having to pass the financial burden onto
residents by raising prices and increasing the cost of living.
PASSED, APPROVED and ADOPTED this 20th day of October 2020.
Johnl uikshank, Mayor
Attest:
C442Afr--- tadr
mily Colborn, City Clerk
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Emily Colborn, City Clerk of the City of Rancho Palos Verdes, hereby certify
that the above Resolution No. 2020-58 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof held on October 20, 2020.
jcP/4'Emily Colborn, City Cler
Resolution No 2020-58
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