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CC SR 20201006 03 - Proposition 15 CITY COUNCIL MEETING DATE: 10/06/2020 AGENDA REPORT AGENDA HEADING: Regular Business AGENDA TITLE: Consideration and possible action to take a position on Proposition 15 on the November 3, 2020 statewide ballot. RECOMMENDED COUNCIL ACTION: (1) Consider the League of Women Voters of Palos Verdes Peninsula’s request to endorse Proposition 15 on the November 3, 2020 statewide ballot; (2) Determine whether or not to take a position on Proposition 15 and what that position should be; and (3) If taking a position, direct Staff to bring a resolution memorializing the City Council’s position for consideration at the October 20, 2020 meeting. FISCAL IMPACT: None Amount Budgeted: N/A Additional Appropriation: N/A Account Number(s): N/A ORIGINATED BY: Jesse Villalpando, Senior Administrative Analyst REVIEWED BY: Karina Bañales, Deputy City Manager APPROVED BY: Ara Mihranian, AICP, City Manager ATTACHED SUPPORTING DOCUMENTS: A. Proposition 15 August 31, 2020 endorsement request letter from the League of Women Voters of Palos Verdes Peninsula (page A-1) B. League of Women Voters proposed resolution in support of Proposition 15 (page B-1) C. Proposition 15 excerpt from California Voter Information Guide (page C-1) D. League of Women Voters of Palos Verdes Peninsula Advocacy and Action statement (page D-1) E. Summary of the League’s positions as they relate to property tax (page E- 1) F. Blue Sky Consulting Group Analysis (page F-1) G. Public comments (page G-1) 1 BACKGROUND AND DISCUSSION: On August 31, 2020, the League of Women Voters of Palos Verdes Peninsula (League) contacted Staff and asked the City Council to consider signing a letter (Attachment A) and adopting a resolution (Attachment B) in support of Proposition 15 (Prop. 15). Known as The California Schools and Local Communities Funding Act of 2020, the proposition has qualified for voter consideration on the November 3, 2020, ballot. Prop. 15 would amend the California State Constitution to allow California jurisdictions to recover additional property tax revenues by shifting the basis of the valuation of most commercial properties to how much they could be sold for instead of their original purchase price, effective in 2022. Currently, all property taxes in California are governed by an initiative passed by voters on June 6, 1978, known as the Tax Limitation Initiative, or California Proposition 13 (Prop. 13), which limits the tax rate for all property at 1% and caps annual increases to the assessed value to no more than 2% per year. Property is only reassessed at market value when there is a change in ownership or new construction. California cities, counties, schools, and special districts rely on property tax revenues, which total around $65 billion statewide and $6.3 billion in the County of Los Angeles (County) to provide critical services and community programs. Summary of Proposition 15 The California Schools and Local Communities Funding Act (Prop. 15) seeks to constitutionally change the property tax law enacted under Prop . 13 as it applies to commercial and industrial properties. This ballot measure is often referred to as “split roll” since it would split how commercial properties are taxed from residential, agricultural, and small business properties. If approved by voters, Prop. 15 would require commercial and industrial properties to undergo regular and ongoing reassessments to bring them to their current market value. Property owners would then be required to pay property taxes on the newly assessed value, eliminating Prop. 13’s limitation on increasing assessed value by no more than 2% per year. Prop. 15 proposes to preserve the current tax structure for residential property and agricultural lands, as outlined under Prop. 13. The shift to market value assessment would be phased in over three fiscal years, beginning in 2022-23. After the initial reassessment, applicable commercial and industrial real property would be regularly reassessed at intervals determined by the state Legislature, but no less frequently than every three years. Prop. 15 exempts residential property, property owned or occupied by small businesses with a market value of less than $3 million and agricultural properties. The first $500,000 of a business’ personal property (e.g., machinery, computers, and office equipment) would be exempt from taxation, and businesses with fewer than 50 employees would be exempt from taxation on all personal property. In addition, the measure contains a deferral until FY 2025-26 for commercial and industrial property where 50% or more is 2 occupied by “small businesses.” The measure defines “small business” as (1) having fewer than 50 annual full-time equivalent employees; (2) the business is independently owned and operated; and (3) the business owns real property located in California . The Legislative Analyst Office (LAO) estimates that if Prop. 15 became law, between $6.5 billion to $11.5 billion per year in new property taxes would go to local governments after 2025. Specifically, funding for K-12 schools and community colleges would receive 40% of the net increase in tax revenues. Each school or community college’s share of the money is mostly based on student population. Cities, counties and special districts would receive 60% of the net increase. Each city, county, or special district’s share of revenues depends on several factors, including the amount of new taxes paid by commercial properties in that community. Prop. 15 has been met with opposition from business association groups due to concerns its impact on small businesses. Despite provisions in the initiative designed to exempt small businesses from this tax increase, opponents argue that small businesses will inevitably be impacted. This is because landlords can increase rent or lease contracts as a result of increased taxes, placing higher financial burdens on many small businesses that do not own their own property. Opponents also argue that by raising business and corporate property taxes, businesses will have no choice but to pass the financial burden onto consumers by raising prices and hurting the workforce. An excerpt from California Voter Information Guide for Prop. 15 is included as Attachment C. The complete text of Prop. 15 is available at the following link: https://www.oag.ca.gov/system/files/initiatives/pdfs/19- 0008%20%28The%20California%20Schools%20and%20Local%20Communities%20Fu nding%20Act%20of%202020%29_1.pdf The League of Women Voters of Palos Verdes Peninsula ’s Position on Prop. 15 The League of Women Voters of Palos Verdes Peninsula supports Prop. 15. Although the League is known for being nonpartisan, the organization does take some positions, on non-candidates, through a process outlined on its website (Attachment D): “Positions result from a process of study. Any given study, whether it be National, State, or Local, is thorough in its pursuit of facts and details. As the study progresses, a continuing discussion of pros and cons of each situation occurs. Prior to the results of the study being presented to the general membership, study committee members fashion consensus questions that are then addressed by the membership. Additional discussion, pro and con, takes place as members (not part of the study committee) learn the scope of the study. After the members reach consensus, the board forms positions based on that consensus. It is the consensus statement -- the statement resulting from the consensus questions -- that becomes a position. Firm action or advocacy can then be taken 3 on the particular issue addressed by the position. Without a position, action/advocacy cannot be taken” Additionally, on September 18, Linda Herman, Co-President of the League of Women Voters of Palos Verdes Peninsula, provided Staff with a brief summary of the League’s positions as they relate to property tax (Attachment E). In summary, the League of Women Voters of California’s Position on State and Local Finances is in support of equitable, broad-based local property tax, that is easy and economical to administer, and produces adequate revenue, with limitations on the types of services it funds. The League is also in support of assessment practices and policies that are equitable, accurate, easy to understand and well publicized, with like properties treated uniformly. Additionally, Co-President Herman informed Staff that a subcategory of the League of Women Voters of California’s Position on State and Local Finances states the goal to ensure the use of property tax primarily for those services directly related to property, such as police, fire protection, streets, water, sewage, and streetlighting; for such other local services as libraries, parks, recreation, the general administrative costs of local government and public schools. Additionally, the League believes it is important to ensure sound assessment practices and policies that provide an adequate budget for the assessor's office to permit accurate appraisals, a staff of qualified personnel required to take ongoing training, and the use of modern appraisal tools whenever the cost can be justified and to include regular, frequent reappraisals. Palos Verdes Peninsula Unified School District (PVPUSD) Board of Education’s Position on Prop. 15 To date, the Palos Verdes Peninsula Unified School District (PVPUSD) Board of Education has taken no position on Prop. 15 . Staff is unaware of any plans for the PVPUSD Board to do so. Potential Financial Impact on the City As noted above, the LAO estimates a range of $6.5 billion and $12.5 billion in additional revenue would be generated per year statewide if Prop. 15 became law, with most of that money going to local schools and jurisdictions. An analysis completed by the Blue Sky Consulting Group (Attachment F) to estimate local revenue that would be generated by the measure estimates nearly $1.7 million in additional revenue coming to the City of Rancho Palos Verdes if the initiative is successful. Estimated net revenue for PVPUSD are unknown at this time. Staff is unaware of the potential share of funds for the school district. CONCLUSION: Staff recommends the City Council consider the League’s request and the information in this report in considering whether to or not to take a position on Prop. 15, and what the position should be. If the council wishes to take a position, Staff can bring a resolution to the October 20 meeting memorializing the position. 4 ALTERNATIVES: In addition to the Staff recommendation, the following alternative action is available for the City Council’s consideration: 1. Take no position on Prop. 15. 2. Take a position, via minute order, and do not request a resolution be brought back at the October 20, 2020 meeting. 5 League of Women Voters of Palos Verdes Peninsula P. O. Box 2933 Palos Verdes Peninsula, CA 90274 August 31, 2020 The Honorable Mayor Cruikshank City of Rancho Palos Verdes 30940 Hawthorne Blvd. Rancho Palos Verdes, CA l90275 Re: Proposition 15 titled “Schools and Communities First” Dear Mayor Cruikshank and City Council Members The League of Women Voters of Palos Verdes Peninsula writes to urge your support of Proposition 15, “Schools and Communities First,” which will be on the November 2020 ballot. In an effort to promote tax fairness, Schools & Communities First (Proposition 15) is a once in a generation opportunity to reclaim $12 billion every year for our students and local neighborhoods by reforming commercial and industrial property tax assessments to fair market value. The local benefit is significant, especially given the unprecedented budget shortfalls our local governments are experiencing due to COVID 19. It is critical that our cities, counties and school districts have the resources to keep our essential workers and services running. Proposition 15 empowers city and county officials, who know best how to address local problems and priorities, to direct additional resources where they can best be used to meet local needs. (Estimates from the Blue Sky Consulting Group indicate the City of Rancho Palos Verdes should receive $1,786,000.) Here’s what SCF does: • Invests in educating our kids and providing critical services to our neighborhoods. • Protects all homeowners and renters from property tax increases. • Provides tax incentives for small businesses. • Levels the playing field for all businesses to ensure all pay their fair share. • Ensures accountability, equity and transparency so that the funds go to our students and communities. • Distributes the new revenues resulting from this measure to schools and local communities, not to the state. continued A-1 Mayor Cruikshank and City Council Members Pg. 2 August 31, 2020 Would the City of Rancho Palos Verdes consider joining the growing list of endorsers for Schools & Communities First? Endorsers include the Los Angeles County Board of Supervisors, 26th District Senator Ben Allen, Mayor Eric Garcetti and to mention only a few from the Los Angeles City Council, Mike Bonin and Paul Koretz. I am attaching the policy summary along with the Resolution of Support. I am happy to respond to questions but am also cc'ing the campaign's Political Director, Jahmese Myres, who can also answer questions that may arise. We hope you will sign the enclosed Resolution of support on behalf of the City of Rancho Palos Verdes. Thank you for your consideration, Linda Herman Co-President lhermanpg@cox.net 310-541-3373 (Res.) Janet MacLeod Co-President jmacle43@cox.net 310--833-1376 (Res.) Attachments: Policy Summary, Resolution of Support Cc: jahmesem@schoolsandcommunitiesfirst.org A-2 City of Rancho Palos Verdes Resolution of Support: Schools and Local Communities Funding Act of 2020 Whereas, for the last four decades, cities and counties in California have experienced underinvestment and devastating cuts to critical services and infrastructure that residents rely on; Whereas, the lack of adequate local funding is the result of an inequitable tax system in which corporations and wealthy investors do not pay their fair share in property taxes; Whereas, unfairness in California’s property tax system allow a fraction of major commercial and industrial properties to avoid regular reassessment and use shady schemes to hide change in ownership; Whereas, these loopholes and tax schemes result in millions of dollars going to corporations and wealthy investors rather than to local communities for essential services; Whereas the property tax is one of the few discretionary sources of revenue for cities and counties; Whereas, experts estimate that the California Schools and Local Communities Funding Act reclaims $12 billion in property tax revenue every year by closing loopholes in California’s property tax system; Whereas the California Schools and Local Communities Funding Act does not affect property taxes for homeowners or renters because the initiative exempts all residential property; Whereas, allocation of revenues to cities, counties and special districts will follow current property tax allocation; Whereas, the measure will provide billions in locally-controlled property tax funding yearly for cities, counties, and special districts; Whereas, academic researchers at the University of Southern California (USC) have identified that the vast majority of reclaimed revenue will come from a fraction of large commercial and industrial properties; Whereas, USC research shows that a majority of commercial owners already pay close to market value, making the current system inequitable among businesses, benefitting large owners who have held land for a long period; Whereas, the current failure to close the commercial property loophole has led to poor land use and inflated land values, particularly affecting the ability to provide adequate high-density housing; continued B-1 Pg. 2 Whereas, the measure incentivizes the development of residential units and provides more funding for communities to invest in affordable housing; Whereas, the measure provides new tax incentives to spur new investment in small businesses by eliminating the business personal property tax on equipment for California’s small businesses; Whereas, the measure also exempts all small business owners whose property is worth $3 million or less; Whereas, the measure levels the playing field for businesses that already pay their fair share in our communities; Whereas, the California Schools and Local Communities Funding Act of 2020 is expected to be on the November 2020 ballot; Whereas, now more than ever, in light of the national and state economic crisis precipitated by the COVID-19 global pandemic, California’s local communities need additional revenues for their continued provision of services; Therefore, be it resolved, that the City of Rancho Palos Verdes endorses the California Schools and Local Communities Funding Act of 2020 for a ballot measure in November 2020. _______________________________________ Mayor John Cruikshank _______________________________________ Rancho Palos Verdes _______________________________________ Date B-2 PROPOSITION INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND 15 AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL OFFICIAL TITLE AND SUMMARY PREPARED BY THE ATTORNEY GENERAL The text of this measure can be found on the Secretary of State’s website at voterguide.sos.ca.gov. 15 • Increases funding sources for K–12 public schools, community colleges, and local governments by requiring commercial and industrial real property be taxed based on current market value, instead of purchase price. • Exempts from taxation changes: residential properties; agricultural land; and owners of commercial and industrial properties with combined value of $3 million or less. • Any additional education funding will supplement existing school funding guarantees. • Exempts small businesses from personal property tax; for other businesses, provides $500,000 exemption. SUMMARY OF LEGISLATIVE ANALYST’S ESTIMATE OF NET STATE AND LOCAL GOVERNMENT FISCAL IMPACT: • Increased property taxes on commercial properties worth more than $3 million providing $6.5 billion to $11.5 billion in new funding to local governments and schools. ANALYSIS BY THE LEGISLATIVE ANALYST BACKGROUND Local Governments Tax Property. California cities, counties, schools, and special districts (such as a fire protection district) collect property taxes from property owners based on the value of their property. Property taxes raise around $65 billion each year for these local governments. Overall, about 60 percent of property taxes go to cities, counties, and special districts. The other 40 percent goes to schools and community colleges. These shares are different in different counties. Property Includes Land, Buildings, Machinery, and Equipment. Property taxes apply to many kinds of property. Land and buildings are taxed. Businesses also pay property taxes on most other things they own. This includes equipment, machinery, computers, and furniture. We call these things “business equipment.” How Is a Property Tax Bill Calculated? Each property owner’s annual property tax bill is equal to the taxable value of their property multiplied by their property tax rate. The typical property owner’s property tax rate is 1.1 percent. Taxable Value of Land and Buildings Is Based on Original Purchase Price. In the year a piece of land or a building is purchased, its taxable value typically is its purchase price. Each year after that, the property’s taxable value is adjusted for inflation by up to 2 percent. When a property is sold again, its taxable value is reset to its new purchase price. The taxable value of most land and buildings is less than what they could be sold for. This is because the price most properties could be sold for grows faster than 2 percent per year. Taxable Value of Business Equipment Is Based on How Much It Could Be Sold for. Unlike land and buildings, business equipment is taxed based on how much it could be sold for today. Counties Manage the Property Tax. County assessors determine the taxable value of property. County tax collectors bill property owners. County auditors distribute tax revenue to local governments. Statewide, counties spend about $800 million each year on these activities. PROPOSAL Tax Commercial and Industrial Land and Buildings Based on How Much They Could Be Sold for. The measure requires commercial and industrial (after this referred to simply as “commercial”) 22 | Title and Summary / Analysis C-1 PROPOSITIONINCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. 15 ANALYSIS BY THE LEGISLATIVE ANALYST land and buildings to be taxed based on how much they could be sold for instead of their original purchase price. This change is put in place over time starting in 2022. The change does not start before 2025 for properties used by California businesses that meet certain rules and have 50 or fewer employees. Housing and agricultural land continues to be taxed based on its original purchase price. Some Lower Value Properties Not Included. This change does not apply if the owner has $3 million or less worth of commercial land and buildings in California (adjusted for inflation every two years). These properties continue to be taxed based on original purchase price. Reduce Taxes on Business Equipment. The measure reduces the taxable value of each business’s equipment by $500,000 starting in 2024. Businesses with less than $500,000 of equipment pay no taxes on those items. All property taxes on business equipment are eliminated for California businesses that meet certain rules and have 50 or fewer employees. FISCAL EFFECTS Increased Taxes on Commercial Land and Buildings. Most owners of commercial land and buildings worth more than $3 million would pay higher property taxes. Only some of these property owners would start to pay higher taxes in 2022. By 2025, most of these property owners would pay higher taxes. Beginning in 2025, total property taxes from commercial land and buildings probably would be $8 billion to $12.5 billion higher in most years. The value of commercial property can change a lot from year to year. This means the amount of increased property taxes also could change a lot from year to year. Decreased Taxes on Business Equipment. Property taxes on business equipment probably would be several hundred million dollars lower each year. Money Set Aside to Pay Costs of the Measure. The measure sets aside money for various CONTINUED costs created by the measure. This includes giving several hundred million dollars per year to counties to pay for their costs of carrying out the measure. The measure would increase the amount of work county assessors do and could require changes in how they do their work. Counties could have costs from the measure before new money is available to cover these costs. The state would loan money to counties to cover these initial costs until new property tax revenue is available. New Funding for Local Governments and Schools. Overall, $6.5 billion to $11.5 billion per year in new property taxes would go to local governments. 60 percent would go to cities, counties, and special districts. Each city, county, or special district’s share of the money depends on several things including the amount of new taxes paid by commercial properties in that community. Not all governments would be guaranteed new money. Some in rural areas may end up losing money because of lower taxes on business equipment. The other 40 percent would increase funding for schools and community colleges. Each school or community college’s share of the money is mostly based on how many students they have. Visit http://cal-access.sos.ca.gov/campaign/ measures/ for a list of committees primarily formed to support or oppose this measure. Visit http://www.fppc.ca.gov/ transparency/top-contributors.html to access the committee’s top 10 contributors. If you desire a copy of the full text of this state measure, please call the Secretary of State at (800) 345-VOTE (8683) or you can email vigfeedback@sos.ca.gov and a copy will be mailed at no cost to you. 15 Analysis | 23 C-2 PROPOSITION INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND 15 AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL + ARGUMENT IN FAVOR OF PROPOSITION 15 + 15 We are all better off when everyone pays their fair share. But California is giving away billions of dollars in property tax breaks to wealthy corporations. These billions could be used instead to deal with increasing inequality, persistent poverty, unemployment, unaffordable housing, homelessness and underfunded schools. While the wealthiest corporations avoid paying their fair share, our schools have the most crowded classrooms in the nation and our local communities are struggling to respond to the impact of COVID-19. Prop. 15 is a fair and balanced reform which: • closes property tax loopholes benefiting wealthy corporations • cuts small business taxes • reclaims billions of dollars to invest in our schools and local communities. Prop. 15 will: Close corporate loopholes: Wealthy corporations avoid reassessment by employing highly paid tax lawyers and accountants to exploit loopholes in the law. Prop. 15 closes these loopholes by requiring nonresidential commercial properties to be assessed based on their actual fair market value. • The top 10% of California’s most valuable nonresidential commercial properties account for 92% of Prop. 15’s new revenues. Does not impact homeowners and renters: Prop. 15 exempts all residential properties, maintaining FULL PROP. 13 PROTECTIONS for homeowners and renters. Cut taxes for small businesses: Prop. 15 protects small businesses and cuts their taxes by: • Exempting businesses operated out of a home and businesses owning $3,000,000 or less of nonresidential commercial property • Cutting business personal property taxes on equipment, computers and fixtures. Restore balance to the property tax: Since Prop. 13 passed, the residential share of property taxes has skyrocketed from 55% to 72% and the nonresidential commercial share has fallen. Meanwhile we’re paying more in fees, fines and other taxes. Prop. 15 rebalances the scales. Increase funding for schools and community colleges: Every school district and community college will receive additional funding over and above existing funding guarantees. Prop. 15 funds go directly to education and state politicians can’t take it away. Invest in essential workers and local services: Prop. 15 gives local communities desperately needed resources so essential services and frontline workers can respond to current challenges and prepare for future crises, whether from a wildfire, pandemic, or earthquake. Support economic and racial equity: Prop. 15 makes sure schools with the greatest needs get the most help and gives local communities critically needed resources to deal with the unequal impacts of COVID-19, unemployment, and housing costs on communities of color. Prioritize full transparency and accountability by requiring schools and local governments to publicly disclose all new revenues they receive and how they are spent. Protect agricultural land: Prop. 15 makes no change to existing laws affecting the taxation or preservation of agricultural land. We can’t afford business as usual. Prop. 15 rebalances the scales by closing loopholes and supporting our schools, local communities and small businesses. Prop. 15 takes a big step forward toward a better future for all Californians. It was placed on the ballot by the signatures of over 1,700,000 voters who want wealthy corporations to pay their fair share. Please add your voice to theirs: Vote Yes on Prop. 15. TONY THURMOND, California Superintendent of Public Instruction JACQUELINE MARTINEZ, CEO Latino Community Foundation SASHA CUTTLER, Public Health Nurse San Francisco Department of Public Health + REBUTTAL TO ARGUMENT IN FAVOR OF PROPOSITION 15 + PROP. 15: ALL CALIFORNIANS WILL PAY FOR THE LARGEST PROPERTY TAX INCREASE IN STATE HISTORY! REPEALS PROP. 13 PROTECTIONS Prop 13 limits property tax increases to 2% annually, providing certainty to homeowners and small businesses that they can afford their taxes in the future. Supporters of Prop 15 admit they’ll go after Prop 13 protections for homes next - meaning skyrocketing taxes for all homeowners! PROP. 15: RAISES OUR COST OF LIVING AND MAKES INCOME INEQUALITY WORSE Billions in higher taxes will be passed on to California’s small businesses in the form of higher rents, forcing businesses that are barely surviving now to lay off employees and raise prices. Higher costs for food and everyday necessities will hit all of us and low-income families hardest. We can’t afford to raise our cost of living. PROP. 15: DOESN’T SOLVE OUR CURRENT BUDGET CRISIS Prop. 15 will not solve today’s budget deficits. The nonpartisan Legislative Analyst says most funding won’t arrive until 2025. Additionally, the California Assessors’ Association says Prop. 15 will cost more than $1 billion to implement, meaning deeper cuts to already stretched local government budgets. PROP. 15: MISLEADING AND LACKS ACCOUNTABILITY Prop. 15’s supporters say it’s about more money for education, but nearly 70% of the tax money doesn’t even go to schools. Politicians can even divert the local government tax money for other purposes, just like they’re doing with the gas tax. NO ON PROP. 15. www.NOonProp15.org JON COUPAL, President Howard Jarvis Taxpayers Association ALICE HUFFMAN, President California State Conference of the NAACP BETTY JO TOCCOLI, President California Small Business Association 24 | Arguments Arguments printed on this page are the opinions of the authors, and have not been checked for accuracy by any official agency. C-3 PROPOSITIONINCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. 15 + ARGUMENT AGAINST PROPOSITION 15 + PROP. 15 WILL BE THE LARGEST ANNUAL PROPERTY TAX INCREASE IN CALIFORNIA HISTORY—UP TO $12.5 BILLION PER YEAR! Prop. 15’s massive increase in annual property taxes will have disastrous economic impacts for every Californian—from small businesses and consumers to farmers and homeowners. PROP. 15 REPEALS TAXPAYER PROTECTIONS IN PROP. 13 Prop. 13’s taxpayer protections have kept property taxes affordable by capping property taxes and limiting increases annually, providing taxpayers certainty they can afford their property taxes now and into the future. Prop. 15 eliminates that certainty for millions of taxpayers. • “Prop. 15 is a direct threat to homeowners. Supporters of the tax hike openly admitted that this is merely the first step in completely dismantling Prop. 13 which voters approved to stop skyrocketing property taxes.”—Jon Coupal, President, Howard Jarvis Taxpayers Association PROP. 15 RAISES OUR COST OF LIVING Prop. 15’s tax hike will increase costs on everything people buy, including groceries, fuel, utilities, day care and health care. • “Too many families have been priced out of their neighborhoods because of the rising cost of living. Prop. 15 will raise the cost of living for California families by up to $960 and will especially hurt lower-income communities.” —Alice Huffman, President, California State Conference of the NAACP PROP. 15 DESTROYS JOBS AND SMALL BUSINESSES Seven million Californians work for a small business. Millions of Californians are filing for unemployment and are at risk of losing everything. NOTHING in Prop. 15 stops the tax from being passed on to small business tenants. Prop. 15 will make the economic crisis worse by devastating small businesses— including our neighborhood restaurants, barbershops, and dry cleaners. • “Most small businesses rent the property on which they operate. Prop. 15’s higher property taxes will mean skyrocketing rents at a time we can least afford it.” —Jot Condie, President, California Restaurant Association PROP. 15 RAISES TAXES FOR FAMILY FARMERS, RESULTING IN HIGHER COSTS FOR FOOD Prop. 15 will raise property taxes on farming—including barns, dairies, processing plants and even fruit and nut trees. • “Prop. 15 hurts family farmers and we all will end up paying higher costs for groceries including milk, eggs and meat.”—Jamie Johansson, President, California Farm Bureau Federation PROP. 15 LACKS ACCOUNTABILITY Prop. 15 will cost taxpayers $1 billion each year in bureaucratic expenses, and politicians can spend the higher property tax revenue on anything they want, including administrative costs, outside consultants and pay raises. • “Prop. 15 allows politicians to divert its tax hike revenue to anything the special interests want, just like they’re doing with the gas tax.”—Marilyn Markham, Board Member, California Senior Advocates League INDEPENDENTS, DEMOCRATS AND REPUBLICANS AGREE—NO ON PROP. 15. NOW IS NOT THE TIME TO RAISE PROPERTY TAXES IN CALIFORNIA. ROBERT GUTIERREZ, President California Taxpayers Association ALICE HUFFMAN, President California State Conference of the NAACP BETTY JO TOCCOLI, President California Small Business Association 15 + REBUTTAL TO ARGUMENT AGAINST PROPOSITION 15 + Prop. 15 is a fair and balanced reform which: - Closes property tax loopholes benefiting wealthy corporations - Cuts small business taxes - Does not impact homeowners and renters - Reclaims billions of dollars for schools and local communities California must take these steps right now to secure a better future for us all. Wealthy owners of the MOST EXPENSIVE 10% OF BUSINESS PROPERTIES account for 92% of Prop. 15’s revenues. Prop. 15 supporters: teachers, nurses, small business owners, clergy, affordable housing advocates, and community organizations who want to close corporate tax loopholes and rebalance the scales. Prop. 15 opponents: wealthy corporations and out-of-state investors trying to keep their tax breaks by using scare tactics to confuse the issue. Read the measure for yourself and remember, Prop. 15: • Maintains FULL PROP. 13 PROTECTIONS for homeowners and renters. • CUTS small business taxes AND specifically exempts all home-based businesses AND exempts small businesses owning $3,000,000 or less in business property. • Guarantees transparency and accountability by requiring full public disclosure of all new revenues and how they’re spent. • Keeps Prop. 13’s low 1% limit, so California’s business property taxes will still be below most states. Learn more at scaretactics15.org. As we rebuild from the COVID-19 shut down and prepare for challenges ahead, business as usual won’t do. It’s time we invest in small businesses, students, healthy families, and safe neighborhoods. Prop. 15 is a balanced reform that closes corporate loopholes benefiting the top 10% and restores billions to our schools and communities—Vote Yes on Prop. 15. E. TOBY BOYD, President California Teachers Association CAROL MOON GOLDBERG, President League of Women Voters TARA LYNN GRAY, CEO Fresno Metro Black Chamber of Commerce Arguments printed on this page are the opinions of the authors, and have not been checked for accuracy by any official agency. Arguments | 25 C-4 D-1 1 Jesse Villalpando From:Linda Herman <lhermanpg@cox.net> Sent:Friday, September 18, 2020 3:24 PM To:Jesse Villalpando Subject:FW: Proposition 15 - Position in brfief and additional summary information FYI Attachments:The California Schools and Local Communities Funding Act of 2020_final rev-7-16-20.pdf   HI Jessie,    In response to your request to the League of Women Voters of the Palos Verdes Peninsula to provide a brief  summary of our positions as they relate to the property tax,  I submit the following:                                                                            Under the League of Women Voters of California State and Local Finances positions ,  our position in brief  regarding property taxes is as follows:    Support an equitable, broad‐based local property tax, easy and economical to administer, producing adequate  revenue, with limitations on the types of services it funds. Support assessment practices and policies that are  equitable, accurate, easy to understand and well publicized, with like properties treated uniformly.    A subcategory which follows  states our goal is to ensure use of the property tax primarily for those services  directly related to property such as police, fire protection, streets, water, sewer‐age, and street lighting; for  such other local services as libraries, parks, recreation, the general administrative costs of local government  and public schools.  Additionally, we believe it important to ensure sound assessment practices and policies  that provide an adequate budget for the assessor's office to permit accurate appraisals, a staff of qualified  personnel required to take ongoing training, and use of modern appraisal tools whenever the cost can be  justified and to include regular, frequent reappraisals.      I have also attached an excellent summary which lays out the problem as well as how we believe its passage  would make a significant difference in terms of funding for our local cities and local school district.   Also  attached as part of this document is the  two page flyer which provides the detail of the proposition in brief  form.  I hope  you find this document helpful.      The City Councils of Long Beach; Santa Monica and Los Angeles have endorsed the measure as has the Los  Angeles Board of Supervisors.  I believe there are others and will do my best to update that  information for  you within the next week.    Please do hesitate to contact me  if there is any further way I can be of assistance.  Linda Herman Co‐President  League of Women Voters of Palos Verdes Peninsula    310‐541‐3373 (Res.)  310‐766‐1630 (Cell)    E-1 Policy Brief Summary The California Schools and Local Communities Funding Act proposes a constitutional amendment that will: u Reclaim $12 billion for schools and local government by closing a huge property tax loophole that benefits large corporations and wealthy investors. u Require the regular reassessment of some commercial and industrial properties at fair market value for property tax purposes and keep the 1% cap on the property tax rate to ensure that property taxes will continue to be among the lowest in the country. u Maintain all Prop 13 protections for homeowners, rental properties and agricultural land. u Protect small business property owners by excluding from reassessment properties under $3 million in market value when these properties are owned independently. u Provide relief from the business personal property tax for ALL businesses by exempting the first $500,000 of fixtures and equipment, significantly benefiting small businesses. u Direct at least $4.5 billion for schools toward all students, with a focus on high-need students, improving our educational system everywhere in the state. u Provide cities with substantially increased revenue to spend on critical municipal services, including homeless services, parks and libraries, roads, infrastructure, and business improvements. u Help counties to provide improved health and human services, emergency response services, roads and infrastructure, and have a stable source of their own revenue, controlled locally. u Improve land use greatly, including increased housing and transit, reduced urban sprawl and decreased carbon footprint. The Problem The system for assessment of commercial and industrial property is loophole-ridden, harmful to sound land use, housing, and new investment, and negatively impacts revenue for cities, counties, and schools. Not even the largest beneficiaries of the system—wealthy property owners and large corporations—can provide a rationale for its continuation. A. Failed Fiscal Policy Even with massive economic growth and a proliferation of new local taxes, tax revenue per capita for cities and counties has fallen from $790 per person to $640 since 1978, according to the Legislative Analyst’s Office (LAO), generating fiscal stress on most local governments in the state. The property tax has shifted away from the commercial/industrial sector to residential in virtually every county. Our infrastructure investment has declined because local governments cannot generate the revenue needed from the growth in land values, while fees and other taxes have gone up on ordinary citizens. Public schools continue to struggle and still lag behind much of the nation despite new state revenue streams since 2012. Over the past 40 years, California has disinvested from public education, sliding from one of the top states to one that now ranks near the bottom. In 1977 before Proposition 13 passed, California ranked 7th out of 50 states in per student spending nationally. Yet, California now ranks 39th among all states in per student spending for K-12 education relative to the cost of living in California. B. Loophole-Ridden System Property tax assessment under Proposition 13 is based on a “change of ownership”, which locks in assessment at the purchase price (plus 2% per year) and limits the tax rate for all properties to 1%. Intended to help homeowners, change of ownership is easily avoided by corporations and wealthy investors because of the complex ways commercial and industrial property is legally held, and cannot be reformed without How to Raise Billions for Schools and Services by Reforming the Commercial Property Tax System July 2020 The California Schools and Local Communities Funding Act of 2020 page 1E-2 maintaining loopholes and inequities. For publicly-traded corporations, whose stock turns over regularly, change of ownership fails to trigger reassessment, unless those companies are fully bought out. For example, Chevron, Intel and IBM own land still assessed at 1975 values while nearby land is assessed at 50 times the value or more. For investor-owned property, complex ownership patterns using real estate investment trusts, LLCs, land leases, trusts and partnerships allow wealthy investors to avoid reassessment in many ways, on everything from industrial parks, offices, shopping centers and hotels to parking lots and mini-malls. Many of these investors are out of state or foreign. C. Unfair to New Investment The current system taxes new investment heavily while failing to tax windfalls, the opposite of good economics. It holds land off the market, inflating land prices, which is bad for housing affordability and new investment. It is anti-competitive, as new businesses have to pay higher property taxes than their competitors, even though they are charging the same prices for their rents, products and/or services. Newer investors pay taxes on inflated market values and substantial fees and mitigations, while older commercial property owners who benefit from infrastructure growth and rising markets continue to pay on the old, outdated property values. D. Works Against “Smart Growth” Land Use The system has negative impacts on land use and the environment. The LAO and academic research shows that the system promotes keeping urban land vacant. It increases speculation and sprawl, the opposite of “Smart Growth”. It drives up land prices that make housing less affordable. Important approaches to climate change and livability—increased density and transit— are discouraged by the current failure to tax commercial land appropriately. The California Schools and Local Communities Funding Act of 2020 page 2 Decline in Cities/Counties Per Person Revenues, 1977 to 2014 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $790 $640 $150 difference 1977-78 2014-15$ REVENUES PER PERSONLegislative Analyst’s Office. September 2016. Common Claims about Proposition 13. http://lao.ca.gov/reports/2016/3497/ common-claims-prop13-091916.pdf. Property Tax Shift in 55 of 58 Counties 16 www.sccassessor.org Published September 2016 Proposition 13 Passed by the voters in June 1978, Proposition 13 amended the California Constitution limiting the assess- ment and taxation of property in California. It restricts both the tax rate and the annual increase of assessed value as follows: •The property tax cannot exceed 1 percent of a property’s taxable value (plus service fees, improvement bonds and special assessments, many of which require voter approval). •A property’s original base value is its 1975-76 market value. A new base year value is established by reappraisal whenever there is a change in owner- ship or new construction. An increase in the assessed value of real property is limited to no more than two percent per year. •The adjusted (factored) base year value of real property is the upper limit of value for property tax purposes. •Business personal property, boats, airplanes and certain restricted properties are subject to annual reappraisal and assessment. During a recession the gap between the market value and assessed value of single family homes declines. However as the as the economy recovers, the gap widens. Historical Trend of Assessed Values in Santa Clara County The chart compares the total net assessed value of single family and condominium properties to other property, including com- mercial and industrial properties. Since Proposition 13 passed in 1978, the portion of the secured assessment roll com- prised of commercial and indus- trial properties declined 15 percent, a trend consistent with data from other counties. Historic Trend of Assessed Values in Santa Clara County Percent of Total Assessed Value 70% 65% 60% 55% 50% 45% 40% 35% 30% 1977-78 1985-86 1990-91 1995-96 2000-01 2005-06 2010-11 2011-12 2012-13 2013-14 2015-16 2016-17 Residential (Single Family and Condominiums) All Other Property Single Family Homes Average Assessed Value vs. Average “Sale” Value Average Assessed Value Annual Average “Sale” Value (Source MLS) 1978 1985 1990 1995 1999 2003 2006 2009 2014 2015 $1,245,657 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 0 ...428,258 properties received the CCPI increase of 1.525 percent in accordance with Proposition 13... Office of the County Assessor. September 2016. 2016-2017 Assessor’s Annual Report. https://www.sccassessor.org/ edocman/AnnualReport2016_2017.pdf E-3 This tax avoidance scheme, which was ruled to be perfectly legal by a judge, is just one example of how corporations and wealthy land-owners have been taking advantage of California’s unique commercial property tax system that has resulted in $12 billion per year in lost funding for our local schools and communities. SHELL OIL COMPANY in Carson Oil extraction and production have played a pivotal role in the development of Southern California. The Shell Carson Distribution Complex, which was originally built in 1924 as a refinery, 44 years before the City of Carson was established, is greatly underassesed and illustrates how oil companies with a long legacy in California benefit from the current system. Shell Oil owns over 400 acres of industrial land in Carson assessed between $3.40 and 3.60 per square foot. This property was last reassessed in 1975. Much of the land is vacant, and large sections are used for yard and warehouse storage. Recently purchased industrial land in the surrounding area is assessed as high as $50 per square foot, with other properties in the range of $25-40 per square foot. Even assuming the mid-point (approximately $25 per square foot for vacant land) between their current assessment and the highest in the area, Shell Oil would pay nearly $4 million more. If it were reassessed to the highest rate of similar industrial land in the area, Shell would pay $8 million more each year to benefit schools, parks and local services in Carson and LA County. The California Schools and Local Communities Funding Act of 2020 page 3 E. Regional Examples FAIRMONT MIRAMAR HOTEL in Santa Monica “Large corporate property owners have been among the law’s biggest beneficiaries, thanks in part to loopholes such as the one Dell used… the tax burden has steadily shifted from businesses to homeowners.”1 For the past 40 years, large corporate property owners have taken advantage of California’s property tax system by exploiting loopholes and underpaying local schools and communities in needed tax revenue. One prominent example is that of billionaire Michael Dell’s use of a loophole in the 2006 purchase of the Fairmont Miramar Hotel in Santa Monica, resulting in a $1.14 million per year tax avoidance—totaling $16.8 million since 2006. Here’s how Michael Dell and his associates exploited the commercial property tax loophole: 1 Michael Dell paid $200 million for the Fairmont Miramar Hotel in Santa Monica hotel. 2 The deal is reshuffled to avoid a legal change in ownership by buying the company that owns the hotel, rather than the Miramar itself—avoiding reassessment and corresponding property tax change. 3 Michael Dell reduced tax bill by $1.14 million/year. 4 2006-18: Dell’s tax avoidance scheme has kept $16.8 million in total tax revenue from funding local schools and communities. 1LA Times, “Opinion: Michael Dell: Poster boy for a Proposition 13 tweak”, May 15, 2014. E-4 E. Regional Examples continued THE WALT DISNEY AND BURBANK STUDIOS in Burbank Los Angeles’ unique history as the home to major movie studios also places them in the spotlight with regard to commercial property tax disparity. Most of these multi-national companies are also multi-billion dollar enterprises, yet most pay property taxes based on old land values. The Walt Disney Studios in Burbank sit on 43 acres of land assessed at 1975 land values, resulting in the loss of millions each year. The Disney Studios are assessed at $5 per square foot, while the nearby Burbank Studios are assessed at $180. If the Disney Studios and the Burbank Studios were similarly assessed, the owners would compete on a level playing field and restore $3.5 million in additional revenue every year for schools and local services. MALLS IN CORTE MADERA in Marin County Marin County is a suburban area whose residents have some of the nation’s greatest purchasing power as income per capita is one of the highest. Yet a few landowners who own retail space are not paying their fair share in local property taxes. In the City of Corte Madera, two neighboring malls of the same size serve the same consumers, but one is assessed radically less than its competitor. The Town Center at Corte Madera, a 1.3 million square foot property owned by Heitman, a real estate management firm from Chicago, is assessed between $13 and $249 per square foot. Its neighbor, the Village at Corte Madera, a 1.3 million square foot property partly owned by Macerich, a publicly traded company from Santa Monica, is assessed between $12 and $46 per square foot. If The Village at Corte Madera was assessed like its competitor at $249, it would pay $3.6 million more in property taxes every year. If the Town Center was entirely taxed at $249 it would also pay $3.6 million more in property taxes. The California Schools and Local Communities Funding Act of 2020 page 4 Share of Total Commercial/Industrial Properties and Share of Statewide Revenue Gain by Estimated Market Value, 2021-22 About 92% of the new property tax revenue would come from just 10% of all properties that are worth over $3 million. Source: USC PERE analysis of disparity ratios of commercial and industrial properties based on CoreLogic assessor roll data for 2017-2018. 2 On average, properties that will be reassessed under Schools and Communities First are under-assessed by 50 percent or more.The large share of revenues coming from a small percentage of commercial properties results in large part from the fact that those properties are the most under-assessed, meaning that they have the largest gap between their assessed and market values.On average, properties that will be reassessed under Schools and Communities First are under-assessed by 50 percent or more. This means that their assessed value under Proposition 13 is about half or less than half of their market value because they have not been reassessed for a considerable period of time. Because this is an average, some properties are under-assessed by a smaller percentage and some are under-assessed by larger percentages.Thus,as shown on the graph on the next page,18.7 percent of commercial and industrial properties that would be reassessed under the measure are assessed at less than 40 percent of their market value,and 55.5 percent at less than 60 percent of their market value. E-5 The Solution This policy proposal will require a constitutional amendment to be approved by California voters in order to reform the system for assessment of commercial and industrial property. A. Reassessment The core component of this proposal is the reassessment of commercial and industrial property to market value on a periodic basis, as occurs nearly everywhere else in the country. The current constitutionally mandated rate of 1% would remain unchanged. B. Protecting Residential and Agricultural Property Periodic reassessment will only affect commercial and industrial property, NOT residential and agricultural property. The measure makes sure that no residential property will be impacted, using current use to protect residential and agriculture property from reassessment, and zoning for vacant land. No residential properties will be reassessed, whether rental residential (apartments and rental homes), homeowner or condominium owner, or mobile home. To the extent that any definitional questions are raised, the legislature is required to make certain by statute than no residential property will ever be affected. Mixed-use property is to be assessed based on proportion of commercial to residential footage and is likely to be exempt if it is predominantly residential. Open space and natural and scenic properties are explicitly protected. C. Phasing-In the New System Since the system has not been changed in 40 years, a transition period will be necessary. The measure creates a task force to implement a phase-in timetable and process, working with assessors and the Board of Equalization, and requires that all start up and on-going costs shall be provided, to ensure a reasonable workload and implementation period for assessors. It then requires on-going assessment on a periodic basis, but no less than every three years, after initial reassessment is completed. There are many ways for the assessors to approach this work. For example, assessing the oldest properties and the largest properties first would generate substantial revenue while allowing smaller properties to be phased-in over a longer period. D. Small Business Protections 1. Business Personal Property Tax Relief: The measure provides relief from the business personal property tax, providing an exemption of the first $500,000 for California businesses. This exemption helps the vast majority of businesses that lease but do not own their property, providing significant relief from a nuisance tax as well as financial relief to small businesses. 2. Small properties: Properties with value of $3 million or less will be excluded if they are independently owned and not part of chains or owned by larger investors. E. Revenue Allocation 1. Local Government Share of Revenue: The proposal calls for revenue in each county to be allocated based on the current proportions of the property tax which go to the cities, counties, schools, and special districts. Except for the schools, the local jurisdictions in each county will receive the new revenue based on the share of the local property tax they currently receive. The measure leaves property tax allocation unchanged, because a combination of Proposition 13 (which puts property tax allocation in the hands of the legislature) and a subsequent constitutional measure (Prop 1A) control allocation. 2. School Share of Revenue: Because of the potentially great fiscal differences among school districts in richer vs. poorer areas, the school revenue generated in each county from the share of the property tax in each school district will be pooled statewide and protected for use solely by K-12 schools and community colleges. This incremental revenue will be over and above Prop. 98 formulas, so will not lower any state support for schools. To further address equity, it will be distributed based on the current Local Control Funding Formula. Basic aid districts, which are typically in the wealthiest communities, will receive what they previously would have received, plus at least $100 per student, a minimum that all districts will receive over and above current revenue. 3. Revenue Reimbursements: The state General Fund will be reimbursed against any losses resulting from an increase in commercial property tax deductions caused by reassessment, with the Franchise Tax Board to provide an estimate yearly. And assessors will be reimbursed from the new revenue for any increased costs of implementation. Revenue will be allocated to the newly-created school fund and to local districts after these General Fund reimbursements, which amount to very small percentage of total revenue. F. Accountability to Taxpayers All school districts and local governments receiving revenue from the measure will be required to prepare reports to provide accountability to taxpayers for the use of the incremental revenue from collections. The legislature shall develop a consistent method to calculate the incremental revenues received. The California Schools and Local Communities Funding Act of 2020 page 5E-6 The California Schools and Local Communities Funding Act of 2020 page 6 Impact A. Projected Revenue 1. Statewide Revenue: The Legislative Analyst Office (LAO) estimates that the initiative will generate up to $12 billion every year. This amount will grow with economic growth. The reform will generate substantial revenue increases for all counties. 2. Schools: Schools and community colleges will receive 40% of the $12 billion in increased revenue yearly. This translates into between $15,000-$20,000 per classroom when fully implemented. Every school district will receive increased revenue for students in need based on the Local Control Funding Formula applied statewide, and Basic Aid districts that already meet their target funding level will also receive a minimum of $100 per student in additional revenues. All revenue will be in addition to and on top of current revenue guaranteed by Proposition 98. 3. Local Government: Cities, counties, and special districts will receive 60% of the $12 billion in increased revenues. Like all property taxes, revenues will be spent at local government discretion, for parks, libraries, capital outlay, health and social services, etc. B. Who Pays? 1. Highest-Value Properties Pay the Most: The highest- value properties provide most of the revenue. 92% of the revenue comes from a small share of properties—that is, from properties estimated worth over $3 million, or about 10% of commercial and industrial properties. These are mostly corporate- owned and wealthy investor-owned and have the lowest current assessment compared to market value. In contrast, nearly 77% of properties are worth under $1 million and generate only 2% of the total revenue. 2. Many Properties See Little Change: Many properties will see little or no impact. 45% of all commercial/ industrial properties are currently assessed at 60% or more of market value, with many of those close to or at market, and will pay little or no additional taxes as the measure phases in. 3. Oldest Properties Pay: Nearly 50% of the revenue comes from properties which were last reassessed before 2000. These include large corporate and investor-owned properties, many of which have not been reassessed since the 1970s and 1980s. 4. Most Value in Land, Not Buildings: Sixty percent (60%) of the revenue comes from the reassessment of land as compared to buildings and improvements. Buildings which are improved are currently reassessed while land may still be held at very old values. The differences in building values are nowhere near the disparities in land values, which can be as high as 100 to 1 in places where values have grown rapidly, such as Silicon Valley, San Francisco, and west Los Angeles. 5. Out of State Investors: Substantial amounts of the new tax revenue will be paid by out-of-state and foreign investors and the very wealthy. Large properties are often owned by Real Estate Investment Trusts and are publicly-traded on national and international exchanges, and foreign investors have seen California commercial property as a safe long-term investment. Corporate shareholders are widely distributed nationally and internationally and would pay much of the property tax. Owners of commercial property are far wealthier than most citizens, generally within the top 1% of earners. C. Broader Benefits and Impacts 1. Relief from Fees and Local Tax Pressures: Increasing revenue from commercial property taxes eliminates pressures for additional local taxes and fees, which have grown considerably as a portion of local government expenses. Over time, citizens and businesses have borne many of these new taxes and fees because large property owners have paid so little. 2. Infrastructure Benefits: Because rising land values will be captured, the ability to finance infrastructure is greatly improved, particularly for transit, where new investments can recover costs from rising land values. The measure will increase the rate of payment of bonded indebtedness by expanding the tax base. 3. “Smart Growth” Benefits: Development which concentrates urban land use instead of promoting suburban sprawl and big-box retail will increase as underutilized, in-fill properties with high value but low assessments will be brought onto the market. Smart growth is a necessary part of combating climate change. 4. Regulatory Climate Will Improve for Business: The regulatory burden of fees and exactions put on new economic development will diminish, as cities have stronger fiscal incentives for new development and will be able to finance the costs of economic growth. 5. Affordable Housing: Low-density commercial strips will be available for higher-density housing. Local revenues from reassessment will enable cities to meet their local affordable housing obligations and address their homeless problems. The heavy fee burden on new housing development is likely to diminish. And the land use benefits will improve affordability for all types of housing. 6. Small Business Benefits: Every small business will benefit from the exemption of the first $500,000 of the business personal property tax, and for most, this tax will be completely eliminated. The exclusion of properties of $3 million or less also will provide significant relief to small business. Since many properties will face little or no increases, many businesses will have net benefits due to the elimination and/or reduction of the business personal property tax. E-7 More information at: Yes15.org email: info@schoolsandcommunitiesfirst.org phone: 213-935-8009 The California Schools and Local Communities Funding Act of 2020 page 7 Schools and Communities First Executive Committee Schools and Communities First Steering Committee The California Schools and Local Communities Funding Act reclaims $11 billion robbed from our schools and neighborhood services because of the Prop 13 corporate tax loophole. This measure protects homeowners and renters while taxing undervalued commercial land at fair market value, creating a level playing eld among businesses and ending the unfair advantage given to big corporations. Schools and Communities First is a broad statewide coalition of community, faith and labor organizations who have joined together to restore funding to schools and critical services and make our tax system fair. Paid for by Yes on 15 - Schools and Communities First sponsored by a Coalition of Labor Groups and Social Justice Organizations Representing Families, Students and Essential Workers. Committee major funding from: California Teachers Association SEIU California State Council Chan Zuckerberg Initiative Advocacy Funding details at http://fppc.ca.gov 777 S. Figueroa St., Ste. 4050, Los Angeles, CA 90017 COALITION MEMBERS Schools and Communities First Executive Committee Schools and Communities First Steering Committee The California Schools and Local Communities Funding Act reclaims $11 billion robbed from our schools and neighborhood services because of the Prop 13 corporate tax loophole. This measure protects homeowners and renters while taxing undervalued commercial land at fair market value, creating a level playing eld among businesses and ending the unfair advantage given to big corporations. Schools and Communities First is a broad statewide coalition of community, faith and labor organizations who have joined together to restore funding to schools and critical services and make our tax system fair. Schools and Communities First Executive Committee Schools and Communities First Steering Committee The California Schools and Local Communities Funding Act reclaims $11 billion robbed from our schools and neighborhood services because of the Prop 13 corporate tax loophole. This measure protects homeowners and renters while taxing undervalued commercial land at fair market value, creating a level playing eld among businesses and ending the unfair advantage given to big corporations. Schools and Communities First is a broad statewide coalition of community, faith and labor organizations who have joined together to restore funding to schools and critical services and make our tax system fair. Over 1,000 endorsers, including: AFL-CIO E-8 Allocation of Revenues From Schools and Communities First for Selected Counties Prepared by Blue Sky Consulting Group May 4, 2020 F-1 METHODOLOGY Estimates of the amount of additional property taxes from the SCF initiative for individual local jurisdictions were developed by first estimating the additional revenue to be contributed by individual parcels in each community. The additional revenue from each parcel was then allocated to the relevant jurisdictions in which the parcel is located (e.g., to the city, school district, any special districts serving the parcel and the county) based on the current allocation of property taxes for that parcel. Fo r each jurisdiction, the total amount of additional revenue was calculated by summing the contributions from each parcel in that jurisdiction. The amount of additional revenue generated by each parcel was adjusted to reflect estimated 2021-22 revenues and reduced by the proportionate share of the anticipated administrative costs. The amount of additional revenue to be generated by each parcel was estimated based on disparity ratio for that parcel as calculated by USC PERE. (The disparity ratio is the relationship between a property’s market value and its assessed value.) The total amount of revenue based on USC PERE’s midpoint estimate of new revenues for 2021-22 is $11.4 billion, and the net revenue is $10.9 billion after subtracting the LAO’s estimate of reductions due to administrative costs, etc., ($0.5 billion). F-2 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 Alameda Entity Amount COUNTY GENERAL 175,369,000 COUNTY LIBRARY 4,291,000 ALAMEDA CO. FIRE DEPT.3,070,000 BAY AREA AIR QUALITY MANAGEMENT 1,353,000 ALAMEDA CO.MOSQUITO ABATEMENT 562,000 AC TRANSIT 24,168,000 SF-BART 3,973,000 EAST BAY REGIONAL PARK 17,610,000 ALAMEDA COUNTY WATER 1,220,000 E.B.M.U.D.6,563,000 CITY OF ALAMEDA 6,947,000 CITY OF EMERYVILLE 5,245,000 CITY OF FREMONT 20,660,000 CITY OF HAYWARD 15,182,000 HAYWARD AREA REC & PARK 3,985,000 CITY OF NEWARK 4,521,000 CITY OF OAKLAND 60,466,000 OAKLAND ZOO 297,000 CITY OF PLEASANTON 12,918,000 CITY OF SAN LEANDRO 8,357,000 CITY OF UNION CITY 5,635,000 CITY OF LIVERMORE 8,218,000 LIVERMORE AREA REC & PARK 2,267,000 CITY OF BERKELEY 17,557,000 CITY OF ALBANY 1,247,000 CITY OF DUBLIN 6,076,000 CITY OF PIEDMONT 419,000 OTHER 11,085,000 TOTAL 429,261,000 F-3 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 Fresno Entity Amount FRESNO COUNTY 23,879,000 FRESNO CO FIRE 1,166,000 FRESNO CO LIBRARY 1,089,000 CITY OF CLOVIS 2,445,000 CITY OF COALINGA 238,000 CITY OF FIREBAUGH 348,000 CITY OF FOWLER 167,000 CITY OF FRESNO 15,391,000 CITY OF HURON 80,000 CITY OF KERMAN 248,000 CITY OF KINGSBURG 346,000 CITY OF MENDOTA 130,000 CITY OF PARLIER 249,000 CITY OF REEDLEY 404,000 CITY OF SANGER 441,000 CITY OF SELMA 222,000 CITY ORANGE COVE 109,000 CITY SAN JOAQUIN 40,000 CEMETARY DISTRICTS 236,000 NORTH CENTRAL FIRE 232,000 CONSOLIDATED MOSQ 335,000 FRESNO MET FLOOD 1,399,000 FRESNO MOSQ ABMT 156,000 COAL HURON PRK-REC 309,000 CLOVIS MEMORIAL 280,000 COALINGA HOSPITAL 263,000 COALINGA LIBRARY 125,000 OTHER 615,000 TOTAL 50,942,000 F-4 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-2022 KERN Entity Amount CO. GENERAL FUND 25,694,000 CO ADVERTISING 59,000 CO. FIRE FUND 5,297,000 CITY OF ARVIN 218,000 CITY OF BAKERSFIELD 9,787,000 CITY OF CALIFORNIA CITY 350,000 CITY OF DELANO 1,038,000 CITY OF MARICOPA 14,000 CITY OF MC FARLAND 166,000 CITY OF RIDGECREST 302,000 CITY OF SHAFTER 467,000 CITY OF TAFT 169,000 CITY OF TEHACHAPI 366,000 CITY OF WASCO 394,000 CEMETARY DISTRICTS 213,000 EAST KERN HEALTH CARE DISTRICT 52,000 KERN VALLEY HOSPITAL 21,000 MUROC HOSPITAL 50,000 NORTH KERN-SO TULARE HOSPITAL 53,000 TEHACHAPI VALLEY HLTH CARE DST 53,000 WEST SIDE HOSPITAL 54,000 DELANO MOSQ ABATE 84,000 Entity Amount KERN VECTOR CONT 503,000 WEST SIDE MOSQ 39,000 BEAR MNT REC&PARK 83,000 MCFARLAND REC-PK 30,000 NOR REC & PK DIST 533,000 SHAFTER REC & PK 60,000 TEH. REC & PARK 64,000 WASCO REC & PARK 51,000 WST SIDE REC & PK 25,000 MOJAVE UTIL DIST 48,000 S SAN JOAQUIN MUNICIP UTILITY 107,000 EAST KERN AIRPORT 42,000 E NILES COM SER 32,000 STALLION SPRG CSD 27,000 KERN DELTA WTR 204,000 TEHACHAPI-CUMMINGS WATER 343,000 ANTELOPE VAL E KERN WTR AGENCY 110,000 KERN CO WATER AGENCY 516,000 NOR MUNI WATER 63,000 OTHER 196,000 TOTAL 47,781,000 F-5 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-2022 Los Angeles County Entity Amount LOS ANGELES COUNTY GENERAL 1,337,450,000 L.A. COUNTY ACCUM CAP OUTLAY 353,000 L A COUNTY LIBRARY 16,485,000 COUNTY ROAD DISTRICT 907,000 CONSOL. FIRE PRO.DIST.OF L.A.CO.128,246,000 L A C FIRE-FFW 21,540,000 CO LIGHTING MAINT DIST 3,036,000 L.A.CO.FL.CON.DR.IMP.DIST.MAINT.5,133,000 LA CO FLOOD CONTROL MAINT 29,041,000 BELVEDERE GARBAGE DISPOSAL DIST 431,000 FIRESTONE GARBAGE DISPOSAL DIST 374,000 L A CO WATER WORKS 585,000 PALOS VERDES LIBRARY DIST MAINT 359,000 L A CO WEST VECTOR CONTROL DIST. 293,000 GREATER L A CO VECTOR CONTROL 477,000 CO SANITATION DIST 17,470,000 STA CLRTA VLY SANIT DIS OF LA CO 992,000 SOUTH BAY CITIES SANIT DIST OPER 281,000 BEACH CITIES HOSPITAL DIST 370,000 CITY-ALHAMBRA 4,933,000 CITY-ALHAMBRA -OTHER 327,000 CITY-AGOURA HILLS 1,063,000 CITY-ARCADIA 4,054,000 CITY-ARTESIA CTRL COM'L CORR RP 785,000 CITY-AVALON 496,000 CITY-AZUSA 3,256,000 CITY-BALDWIN PK 3,595,000 CITY-BALDWIN PK CONSOL. LT DIST 389,000 CITY-BELL 1,309,000 CITY-BELLFLOWER 2,741,000 CITY-BELL GARDEN 1,608,000 CITY-BEV HILLS 14,462,000 CITY-BRADBURY 35,000 CITY-BURBANK 16,720,000 CITY-CARSON 6,909,000 CITY-CALABASAS 1,039,000 CITY-CALABASAS -OTHER 349,000 CITY-CLAREMONT 1,740,000 Entity Amount CITY-COMMERCE 2,917,000 CITY-COMPTON 5,097,000 CITY-COVINA 3,262,000 CITY-CUDAHY 841,000 CITY-CULVER CITY 4,973,000 CITY-CERRITOS LOS COYOTES RP 3,159,000 CITY-CERRITOS -OTHER 578,000 CITY-DOWNEY 6,397,000 CITY-DOWNEY -OTHER 153,000 CITY-EL MONTE 5,291,000 CITY-DUARTE 1,541,000 CITY-DUARTE -OTHER 334,000 CITY-DIAMOND BAR 1,978,000 CITY-EL SEGUNDO 4,580,000 CITY-GARDENA 3,753,000 CITY-GLENDALE 15,529,000 CITY-GLENDORA 2,521,000 CITY-HAWAII GDNS 575,000 CITY-HAWTHORNE 4,379,000 CITY-HERMOSA BCH 1,585,000 CITY-HIDDEN HILL 69,000 CITY-HUNTINGTN P 2,332,000 CITY-INDUSTRY 4,716,000 CITY-INGLEWOOD 7,592,000 CITY-IRWINDALE 1,599,000 CITY-LA PUENTE 1,420,000 CITY-LA PUENTE -OTHER 106,000 CITY-LAKEWOOD 2,892,000 CITY-LA VERNE 2,253,000 CITY-LAWNDALE 1,162,000 CITY-LA MIRADA 2,357,000 LA MIRADA -S. E. REC AND PARK 697,000 CITY-LOMITA 781,000 CITY-LOMITA -OTHER 102,000 CITY-LONG BEACH 32,031,000 CITY-LA CANADA-F 933,000 CITY-LANCASTER 5,179,000 CITY-LANCASTER -OTHER 175,000 CITY-LA HABRA HT 176,000 CITY-LOS ANGELES 473,601,000 F-6 Los Angeles, cont. Entity Amount CITY-LYNWOOD 3,313,000 CITY-MALIBU 1,021,000 CITY-MANHATTAN B 3,329,000 CITY-MAYWOOD 885,000 CITY-MONROVIA 3,202,000 CITY-MONTEBELLO 3,627,000 CITY-MONTEREY PK 4,065,000 CITY-NORWALK 3,758,000 NORWALK -S. E. REC AND PARK 752,000 CITY-PALOS VRD 484,000 CITY-PALMDALE 5,338,000 CITY-PALMDALE STREETLIGHT DIST 244,000 CITY-PARAMOUNT 2,587,000 CITY-PASADENA 21,460,000 CITY-PICO RIVERA 2,829,000 CITY-PICO RIVERA -OTHER 279,000 CITY-POMONA 11,017,000 CITY-POMONA -OTHER 25,000 CITY-RANCHO P V 1,693,000 CITY-REDONDO BCH 5,651,000 CITY-ROSEMEAD 2,276,000 CITY-ROSEMEAD -OTHER 225,000 CITY-ROLLING HLS 55,000 CITY-ROLL HLS ES 438,000 CITY-S FERNANDO 1,550,000 CITY-SAN DIMAS 1,583,000 CITY-SAN DIMAS -OTHER 275,000 CITY-SAN GABRIEL 2,303,000 CITY-SAN MARINO 859,000 CITY-SANTA CLARITA 7,832,000 STA CLRTA STREET LIGHT MAINT #2 475,000 Entity Amount CITY-SANTA CLARITA LIBRARY 956,000 CITY-SANTA FE SP 3,683,000 CITY-SANTA MONIC 16,418,000 CITY-SIERRA MADR 545,000 CITY-SIGNAL HILL 839,000 CITY-SO EL MONTE 1,515,000 CITY-SOUTH GATE 3,434,000 CITY-SO PASADENA 1,763,000 CITY-TEMPLE CITY 1,499,000 CITY-TEMPLE CITY -OTHER 111,000 CITY-TORRANCE 14,494,000 CITY VERNON 2,794,000 CITY-WALNUT 1,095,000 CITY-WEST COVINA 5,289,000 CITY-W LAKE VILL 769,000 CITY-W LAKE VILL -OTHER 143,000 CITY-W HOLLYWOOD 6,885,000 W HOLLYWOOD LIGHTING MAINT DIST 411,000 CITY-WHITTIER 4,023,000 ANTELOPE VY.-EAST KERN WATER AGY 1,082,000 SANTA CLARITA VALLEY WATER- CLWA 3,470,000 PALMDALE WATER DIST 327,000 THREE VALLEY MWD 454,000 SAN GABRIEL VAL MUN WATER DIST 949,000 OTHER 9,383,000 TOTAL 2,415,008,000 F-7 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 Merced Entity Amount COUNTY GENERAL FUND 6,887,000 COUNTY FIRE 1,017,000 ATWATER CITY 590,000 ATWATER CITY FIRE 141,000 DOS PALOS CITY 59,000 GUSTINE CITY 54,000 MERCED CITY 2,173,000 MERCED CITY FIRE 13,000 LIVINGSTON CITY 427,000 LOS BANOS CITY 626,000 REGIONAL OCCUPATIONAL 47,000 MOSQUITO ABATEMENT 238,000 CEMETARY DISTRICTS 117,000 WINTON LT 6,000 BLOSS HEALTHCARE DIST 41,000 WESTSIDE HOSPITAL 10,000 DELHI COUNTY WATER 7,000 HILMAR COUNTY WATER 12,000 SANTA NELLA CO WATER 17,000 WINTON SANITARY 6,000 DOS PALOS DRAINAGE 7,000 GUSTINE DRAINAGE 5,000 MERCED IRRIGATION DIS 316,000 OTHER 48,000 TOTAL 12,864,000 F-8 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-2022 ORANGE Entity Amount ORANGE CO GEN. FUND 126,735,000 ORANGE COUNTY PUBLIC LIBRARY 8,486,000 O C FLOOD CONTROL DISTRICT 19,338,000 O C PARKS CSA 26 14,948,000 ANAHEIM CITY 19,453,000 ALISO VIEJO CITY 1,249,000 BREA CITY 3,997,000 BUENA PARK CITY 4,450,000 COSTA MESA CITY 10,015,000 COSTA MESA CITY -DISTRICTS 10,000 CYPRESS CITY 1,982,000 CYPRESS CITY -DISTRICTS 248,000 DANA POINT CITY 1,184,000 DANA POINT CITY -OTHER 607,000 FOUNTAIN VALLEY CITY 4,029,000 FULLERTON CITY 8,417,000 GARDEN GROVE CITY 6,609,000 GARDEN GROVE CITY -DISTRICTS 548,000 HUNTINGTON BEACH CITY 10,550,000 IRVINE CITY 9,058,000 IRVINE CITY -DISTRICTS 678,000 LA HABRA CITY 3,097,000 LA PALMA CITY 632,000 LA PALMA CITY -DISTRICTS 13,000 LAGUNA BEACH CITY 3,046,000 LAGUNA BEACH CITY -DISTRICTS 301,000 LAGUNA HILLS CITY 1,130,000 LAGUNA HILLS CITY -DISTRICTS 300,000 LAGUNA NIGUEL CITY 1,330,000 LAGUNA NIGUEL CITY -DISTRICTS 913,000 LAGUNA WOODS CITY 426,000 LAKE FOREST CITY 2,133,000 LAKE FOREST CITY -OTHER 749,000 LOS ALAMITOS CITY 881,000 LOS ALAMITOS CITY -OTHER 80,000 MISSION VIEJO CITY 2,166,000 MISSION VIEJO CITY -OTHER 2,935,000 Entity Amount NEWPORT BEACH CITY 11,650,000 ORANGE CITY 9,121,000 PLACENTIA CITY 1,911,000 PLACENTIA CITY -DISTRICTS 118,000 RANCHO SANTA MARGARITA CITY 1,094,000 SAN CLEMENTE CITY 3,136,000 SAN CLEMENTE CITY -OTHER 90,000 SAN JUAN CAPISTRANO CITY 1,711,000 SAN JUAN CAPISTRANO CITY -OTHER 158,000 SANTA ANA CITY 19,189,000 SANTA ANA CITY -OTHER 83,000 SEAL BEACH CITY 1,388,000 STANTON CITY 1,398,000 STANTON CITY -OTHER 201,000 TUSTIN CITY 3,678,000 TUSTIN CITY -DISTRICTS 313,000 VILLA PARK CITY 125,000 WESTMINSTER CITY 3,128,000 WESTMINSTER CITY -OTHER 414,000 YORBA LINDA CITY 1,991,000 YORBA LINDA CITY -OTHER 371,000 CYPRESS RECREATION AND PARK DIST 1,038,000 BUENA PARK LIBRARY DIST-GEN FUND(FMR 704.01) 789,000 IRVINE RANCH WATER DIST 2,826,000 MIDWAY CITY SANITARY DIST- GEN.FUND 691,000 MOULTON NIGUEL WATER DIST 3,014,000 ORANGE CO VECTOR CONTROL DIST 1,092,000 SANTA MARGARITA WATER DIST 484,000 O C FIRE AUTHORITY-GEN FUND 35,639,000 ORANGE COUNTY WATER DISTRICT 5,295,000 ORANGE COUNTY TRANSIT AUTHORITY 2,744,000 OC SANITATION 20,809,000 OTHER 2,432,000 TOTAL 410,844,000 F-9 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-2022 Riverside Entity Amount COUNTY GENERAL PURPOSE 82,695,000 CO FREE LIBRARY 2,224,000 CO STRUCTURE FIRE PROTECTION 6,248,000 COUNTY -DISTRICTS 106,000 CITY OF BANNING 751,000 CITY OF BEAUMONT ANX 1,252,000 CITY OF BLYTHE ANX 415,000 CITY OF CALIMESA 222,000 CALIMESA CITY FIRE 147,000 CITY OF CANYON LAKE 167,000 CATHEDRAL CITY FIRE 330,000 CITY OF CATHEDRAL CITY 1,138,000 CITY OF COACHELLA ANX 935,000 CITY OF CORONA 6,863,000 CITY OF DESERT HOT SPRINGS 564,000 CITY OF LAKE ELSINORE ANX 1,473,000 CITY OF LA QUINTA 1,103,000 CITY OF HEMET BASIC AREA ANX 1,986,000 CITY OF INDIAN WELLS 257,000 CITY OF INDIO DS 2,807,000 CITY OF MORENO VALLEY 4,524,000 MORENO VALLEY FIRE 1,152,000 CITY OF MORENO VALLEY LIBRARY 318,000 CITY OF MURRIETA 2,095,000 CITY OF MURRIETA LIBRARY 183,000 CITY OF NORCO 802,000 CITY OF PALM DESERT 1,077,000 CITY OF PALM SPRINGS 3,657,000 CITY OF PERRIS 2,374,000 CITY OF RANCHO MIRAGE 687,000 CITY OF RIVERSIDE 11,062,000 CITY OF SAN JACINTO ANX 833,000 CITY OF TEMECULA 2,414,000 CITY OF MENIFEE 1,507,000 CITY OF MENIFEE FIRE PROTECTION 356,000 CITY OF WILDOMAR 568,000 Entity Amount CITY OF WILDOMAR FIRE PROTECTION 143,000 CITY OF EASTVALE 905,000 CITY OF EASTVALE FIRE PROTECTION 295,000 CITY OF JURUPA VALLEY 2,433,000 RIV CO REGIONAL PARK & OPEN SP 685,000 FLOOD CONTROL 8,235,000 COUNTY SERVICE AREAS 121,000 RANCHO MIRAGE CSD FIRE 672,000 RANCHO MIRAGE CSD LIBRARY 280,000 CEMETERY DISTRICTS 418,000 CATHEDRAL CITY COMMUNITY SERVICE 304,000 EDGEMONT COMMUNITY SERVICES 373,000 JURUPA COMMUNITY SERVICES 835,000 RUBIDOUX COMMUNITY SERVICES 520,000 MORENO VALLEY CS 338,000 COACHELLA FIRE PROTECTION 227,000 IDYLLWILD FIRE PROTECTION 167,000 MURRIETA FIRE 1,174,000 DESERT HOSPITAL 997,000 SAN GORGONIO PASS MEM HOSPITAL 175,000 BANNING LIBRARY DIST 76,000 BEAUMONT LIBRARY 110,000 CV MOSQUITO & VECTOR CONTROL 787,000 NW MOSQUITO & VECTOR CNTL DIST 353,000 BEAUMONT CHERRY VALLEY REC & PK 130,000 DESERT RECREATION 545,000 JURUPA AREA REC & PK 177,000 VALLEY WIDE REC & PK 129,000 VALLEY SANITARY 243,000 COACHELLA VALLEY WATER DISTRICT 1,714,000 CVWD 2,709,000 MISSION SPRINGS WTR DIST 241,000 IDYLLWILD CO WATER 120,000 F-10 Riverside, cont. Entity Amount DESERT WTR AGENCY 204,000 SAN GORGONIO PASS WTR AGENCY DS 320,000 EMWD 4,232,000 ELSINORE VALLEY MUNICIPAL WATER 762,000 LAKE HEMET MUNICIPAL WATER 79,000 WESTERN MUNICIPAL WATER 2,943,000 CITY BEAUMONT -OTHER 140,000 RIV CORONA RESOURCE CONSERVATION 156,000 RCWD 1,568,000 OTHER 550,000 TOTAL 182,877,000 F-11 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 Sacramento Entity Amount COUNTY -OTHER 56,000 SACRAMENTO WATER AGENC 447,000 COUNTY LIBRARY 1,122,000 COUNTY GENERAL 38,274,000 SACRAMENTO METRO FIRE 10,703,000 COSUMNES CSD 2,343,000 NATOMAS FIRE 374,000 PACIFIC-FRUITRIDGE FIRE 405,000 MISSION OAKS PARK 160,000 SUNRISE PARK 274,000 FULTON -EL CAMINO PAR 209,000 RIO LINDA-ELVERTA PARK 158,000 CORDOVA PARK 473,000 SOUTHGATE PARK 300,000 CITY OF RANCHO CORDOVA 1,799,000 REGIONAL OCCUP CENTER 109,000 CITY OF CITRUS HEIGHTS 1,130,000 SACTO-YOLO MOSQUITO 986,000 CITY OF FOLSOM 2,636,000 CITY OF GALT 387,000 CITY OF ISLETON 25,000 CITY OF SACRAMENTO 19,519,000 CITY OF ELK GROVE 1,723,000 ELK GROVE CITY-LAGUNA 254,000 CITY OF FOLSOM SOUTH 50,000 DEV CENTER HANDICAPPED 139,000 OTHER 1,006,000 TOTAL 85,061,000 F-12 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 San Bernardino Entity Amount COUNTY GENERAL FUND 138,321,000 FLOOD CONTROL 10,844,000 COUNTY FREE LIBRARY 3,000,000 CITY OF ADELANTO 827,000 TOWN OF APPLE VALLEY 2,645,000 CITY OF BARSTOW 1,102,000 CITY OF BIG BEAR LAKE 488,000 CITY OF CHINO 6,096,000 CITY OF CHINO HILLS 2,671,000 CITY OF COLTON 2,477,000 CITY OF FONTANA 7,012,000 CITY OF GRAND TERRACE 550,000 CITY OF HIGHLAND 2,001,000 CITY OF LOMA LINDA 1,563,000 CITY OF HESPERIA 2,451,000 CITY OF MONTCLAIR 1,989,000 CITY OF NEEDLES 297,000 CITY OF ONTARIO 18,729,000 CITY OF RANCHO CUCAMONGA 7,474,000 CITY OF REDLANDS 5,794,000 CITY OF RIALTO 6,345,000 CITY OF SAN BERNARDINO 11,477,000 Entity Amount CITY OF TWENTYNINE PALMS 1,162,000 CITY OF UPLAND 4,367,000 CITY OF VICTORVILLE 5,471,000 CITY OF YUCAIPA 2,101,000 TOWN OF YUCCA VALLEY 984,000 FONTANA FIRE PROTECTION DISTRICT 9,411,000 HESPERIA FIRE PROTECTION DISTRICT 1,293,000 RANCHO CUCAMONGA FIRE DISTRICT 5,090,000 SAN BDNO CNTY FIRE PROTECT DISTRICT 5,679,000 BARSTOW FIRE PROTECTION DISTRICT 844,000 APPLE VALLEY FIRE PROTECTION DIST 1,409,000 CHINO VALLEY INDEPENDENT FIRE DIST 3,851,000 CHINO BASIN WTR CONSERVATION DIST 836,000 INLAND EMPIRE UTILITIES AGENCY 9,782,000 SAN BERNARDINO VALLEY MUNI WATER 2,915,000 WATER DISTRICTS 1,747,000 CSAs 1,182,000 OTHER 3,946,000 TOTAL 296,223,000 F-13 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 San Francisco Entity Amount GENERAL FUND 480,611,000 BAY AREA RAPID TRANSIT DISTRICT 4,434,000 BAY AREA AIR QUALITY MANAGEMENT DIST. 1,462,000 TOTAL 486,507,000 F-14 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 San Joaquin Entity Amount COUNTY GENERAL 24,350,000 ROAD DISTRICTS 658,000 COUNTY LIBRARY 669,000 CEMETARY DISTRICTS 75,000 FIRE DISTRICTS 2,855,000 SJC FLOOD CONTROL 219,000 LIGHTING DISTRICTS 9,000 SJC MOSQUITO ABATEMENT 531,000 RECL.DISTRICTS 36,000 CSA/CSD 51,000 WATER DISTRICTS 113,000 IRRIGATION DISTRICTS 902,000 S J REGIONAL TRANSIT DISTRICT 126,000 CITY OF ESCALON 208,000 CITY OF LODI 1,850,000 CITY OF MANTECA 1,545,000 CITY OF RIPON 335,000 CITY OF STOCKTON 6,379,000 CITY OF TRACY 2,071,000 CITY OF LATHROP 847,000 OTHER 48,000 TOTAL 43,877,000 F-15 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 San Diego County Entity Amount COUNTY GENERAL 147,281,000 COUNTY LIBRARY 3,642,000 COUNTY DISTRICTS -OTHER 66,000 PERMANENT ROAD DIVISION 10,000 COUNTY SERVICE AREA 255,000 SAN DIEGO COUNTY FLOOD CONTROL DISTRICT 214,000 ALPINE FIRE PROTECTION DISTRICT 120,000 FIRE PROTECTION DISTRICTS -OTHER 149,000 NORTH COUNTY FIRE PROTECTION DISTRICT OF SD COUNT 510,000 LAKESIDE FIRE PROTECTION DISTRICT 503,000 RANCHO SANTA FE FIRE PROTECTION DIST. OF SD COUNT 347,000 SAN MIGUEL CONSOL.FIRE PROTECTION DISTRICT 880,000 BORREGO SPRINGS FIRE PROTECTION DISTRICT 103,000 NORTH COUNTY CEMETERY 162,000 CEMETERY DISTRICTS -OTHER 88,000 CARLSBAD CITY 6,516,000 CARLSBAD CITY 1973 ANNEX ORD 1147 265,000 CHULA VISTA CITY 4,849,000 CHULA VISTA CITY -OTHER 829,000 CORONADO CITY 2,785,000 DEL MAR CITY 281,000 EL CAJON CITY 2,890,000 ENCINITAS CITY 3,175,000 ENCINITAS CITY -OTHER 64,000 ESCONDIDO CITY 3,692,000 IMPERIAL BEACH CITY 521,000 LA MESA CITY 1,554,000 LEMON GROVE CITY 615,000 NATIONAL CITY 2,477,000 OCEANSIDE CITY -DIST 5,531,000 POWAY CITY 1,209,000 Entity Amount POWAY CITY POWAY MUNICIPAL WATER DISTRICT 1,665,000 POWAY CITY -OTHER 203,000 SAN DIEGO CITY 79,741,000 SAN MARCOS CITY 1,835,000 SANTEE CITY 1,903,000 SOLANA BEACH CITY 879,000 SOLANA BEACH CITY -OTHER 54,000 VISTA CITY 3,674,000 GROSSMONT HEALTHCARE DISTRICT 684,000 PALOMAR HEALTH 2,092,000 TRI CITY HOSPITAL DISTRICT MAINT 1,078,000 SAN MARCOS FIRE PROTECTION DISTRICT 855,000 VISTA FIRE PROTECTION DISTRICT 140,000 FALLBROOK PUBLIC UTILITY DISTRICT 148,000 SANTA FE IRRIGATION LAN 122,000 VALLECITOS WATER DISTRICT 614,000 CARLSBAD MUNICIPAL WATER DISTRICT 428,000 OLIVENHAIN MUNICIPAL WATER DISTRICT 151,000 OTAY WATER IMP DIST B -WATER SERVICE 250,000 RAMONA MUNICIPAL WATER DISTRICT 417,000 RINCON DEL DIABLO MUNICIPAL WATER DISTRICT 124,000 PADRE DAM MUNICIPAL WATER DISTRICT 251,000 CWA CITY OF SAN DIEGO 1,203,000 CWA VISTA IRRIGATION 120,000 OTHER 543,000 Total 290,757,000 F-16 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 SANTA BARBARA Entity Amount SANTA BARBARA COUNTY GENERAL 28,906,000 BUELLTON CITY PROPERTY TAX 359,000 CARP CITY 480,000 GOLETA CITY PROPERTY TAX 1,222,000 GUADALUPE CITY 145,000 LOMPOC CITY 883,000 SANTA BARBARA CITY 5,326,000 SANTA MARIA CITY 3,455,000 SOLVANG CITY 231,000 SB COUNTY FIRE PROTECTION DIST 4,973,000 SB COUNTY FLOOD CNTRL/WTR CNSRV 301,000 SANTA MARIA FLOOD ZN 3 218,000 SOUTH COAST FLOOD ZN 2 856,000 SANTA BARBARA COUNTY WTR AGENCY 387,000 SANTA MARIA PUBLIC AIRPORT DIST 273,000 SANTA MARIA CEMETERY DIST 134,000 CARP/SUMMERLAND FIRE DIST 867,000 MONTECITO FIRE DIST 377,000 SANTA BARBARA MET TRANSIT DIST 136,000 GOLETA WEST SAN RUNNING 395,000 OTHER 1,025,000 Total 50,949,000 F-17 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 Santa Clara Entity Amount SANTA CLARA COUNTY 255,781,000 SANTA CLARA COUNTY LIBRARY 4,658,000 CAMPBELL 3,463,000 CUPERTINO 4,914,000 GILROY 2,891,000 LOS ALTOS 2,423,000 LOS ALTOS HILLS 341,000 LOS GATOS 2,932,000 MILPITAS 9,396,000 MONTE SERENO 111,000 MORGAN HILL 2,378,000 MOUNTAIN VIEW 18,624,000 PALO ALTO 20,940,000 SAN JOSE 76,867,000 SANTA CLARA 18,413,000 SARATOGA 1,272,000 SUNNYVALE 22,602,000 SARATOGA FIRE PROTECTION DISTRICT 318,000 CENTRAL FIRE PROTECTION DISTRICT 10,934,000 CENTRAL FIRE PROTECTION ZONE NO. 1 349,000 LOS ALTOS HILLS COUNTY FIRE DISTRICT 308,000 SOUTH SANTA CLARA COUNTY FIRE PROTECTION DISTRICT 303,000 MIDPENINSULA REGIONAL OPEN SPACE DISTRICT 9,146,000 SANTA CLARA VALLEY WATER DISTRICT 19,431,000 EL CAMINO HOSPITAL 4,832,000 BAY AREA AIR QUALITY MANAGEMENT DISTRICT 2,449,000 CAMPBELL MUNICIPAL LIGHTING DISTRICT 279,000 MOUNTAIN VIEW PARKING DISTRICT NO.02 548,000 SANTA CLARA COUNTY IMPORTATION WATER-MISC DISTRICT 6,473,000 OTHER 359,000 TOTAL 503,735,000 F-18 Commercial Property Tax Reform Estimated Allocation of Revenues 2021-22 VENTURA Entity Amount COUNTY GENERAL FUND 40,497,000 COUNTY LIBRARY 480,000 FIRE PROTECTION DIST 12,397,000 County Flood 2,878,000 CONEJO REC & PK 2,277,000 PL VLY REC & PK 607,000 SIMI REC & PK 976,000 WATER DISTRICTS 57,000 VENTURA PORT 217,000 UNITED WTR CONS DIST 399,000 CITY CAMARILLO 1,379,000 CITY FILLMORE 425,000 CITY OJAI 288,000 CITY OXNARD 8,567,000 CITY PORT HUENEME 414,000 CITY SANTA PAULA 831,000 CITY SIMI VALLEY 2,435,000 CITY SIMI VALLEY -DISTRICTS 965,000 CITY THOUSAND OAKS 3,657,000 THOUSAND OAKS VRSD 180,000 CITY SAN BUENAVENTURA 5,056,000 CITY OF MOORPARK 729,000 CITY OF MOORPARK -DISTRICTS 31,000 CAMARILLO SAN M & O 131,000 CALLEGUAS MUN WTR 1,047,000 CASITAS MUN WTR 326,000 CAM LTE MAINT 245,000 T O CITY WIDE LTE ZN 1 266,000 VTA CO MAINT #1 T O 141,000 CAMARILLO HEALTH CARE 248,000 OTHER 418,000 TOTAL 88,564,000 F-19 1 Jesse Villalpando From:Jesse Villalpando Sent:Wednesday, September 23, 2020 4:40 PM To:Jesse Villalpando Subject:FW: I would like to go on record on Prop 15 Attachments:RPV CC (rev1).docx   From: Lannon Tanchum <lannon.tanchum@gmail.com>   Sent: Tuesday, September 15, 2020 12:32 PM  To: John Cruikshank <John.Cruikshank@rpvca.gov>; CC <CC@rpvca.gov>  Subject: I would like to go on record on Prop 15    Honorable Mayor and City Councilors    Please see the attached for my concerns and analysis of Prop 15 and its detrimental impact on our City and our State.    I understand from Honorable Mayor Cruickshank that this matter will be raised at the October 1st meeting and I want to  be on record with my opposition and recommendation for the council.    Thank you    ‐‐lan‐‐  G-1 Lannon Tanchum Rancho Palos Verdes September 14, 2020 The Honorable Mayor John Cruikshank and Council Members City of Rancho Palos Verdes 30940 Hawthorne Boulevard Rancho Palos Verdes, CA 90275 RE: Proposition 15 Honorable Mayor and City Councilors I write to you to urge you to defend the rights of the residents of RPV, whom you are sworn to represent, against the mislabeled and misleading Prop 15. Proposition 15 is a sly and pernicious attack on our rights as currently enshrined in the Constitution of California as bolstered by the overwhelming passage (65%) in 1978 of Prop 13, to limit the previous excesses of property tax increases. While Prop 15 purports to invest in our “Schools and Communities First,” the misleading title of the Proposition, it would in fact repeal part of Prop 13 and require all business property to be reassessed to market value. This would result in tax increases to every business property owner ensuring they pass the increase on to their customers. Even businesses that do not own the property would be impacted by higher rents. The net impact would be higher prices, increases in the already sky-high cost of living and likely further job losses in an economy already devastated by the Covid pandemic. We need to protect our local businesses, many of which are owned by residents, that have been serving our residents and providing local property taxes to our city. Small and medium sized businesses are already at risk because of COVID. No doubt, you are being urged to find favor in this Proposition by many due to its positioning as ‘for the children.’ However, keep in mind that no matter how well-funded education is, (and it should be well-funded — there are other ways to do this which, as our council, you should be investigating) if parents are poorer or jobless their childrens’ education remains at risk. G-2 No doubt you will have been told that Prop 15 merely closes a loophole and that voters never intended Prop 13 to apply to businesses. That is untrue. California has had a Unified property tax role since the 1800’s. Prop 13 did not change that. In fact, Prop 8 on the same 1978 ballot the voters overwhelmingly approved Prop 13, was a so-called- split roll tax and was roundly rejected by voters by 53%. Finally, this is a thinly disguised assault on the very core of Prop 13. As you can see, the wording of the measure lays the groundwork for full elimination of Prop 13. If the argument is that commercial property market value is increasing faster than i ts tax- assessed value and thus should be taxed at the market value why would that reasoning not also be applied to the private property taxes in the near future? In fact, if you read Section 2 — Findings, of the ballot measure and simply substitute ‘privat e property’ for every mention of ‘commercial property’ you will see that this argument could just as easily be (and no doubt will be) made for repealing Prop 13. Furthermore, if the primary justification for the tax increase is for education — for School and Community College funding — why is it that the first 60% of the taxes raised goes to fund local governments and special districts and only then does the remaining balance go to education? City-data.com shows you govern over a city with a mean income o f $75,000. Predictably, Measure PV, the largest bond in the state this year was resoundingly voted down by 20 points. ‘Low taxes' are part of our city's mission statement and DNA as a city. I urge you to pass a resolution in opposition of Prop 15 and use o ur mission statement and resident sentiment as your guide. I would be honored and appreciative to speak to any one of you on this matter. Respectfully Lannon Tanchum G-3 1 Jesse Villalpando From:Jesse Villalpando Sent:Wednesday, September 23, 2020 4:42 PM To:Jesse Villalpando Subject:FW: Opposition to supporting Prop 15   From: William Patton [mailto:billpatton21@icloud.com]   Sent: Sunday, September 20, 2020 3:10 PM  To: Friends <bill@pattonsite.com>  Cc: Alanna Kennedy <akalannakennedy513@gmail.com>; Andrea Lewis <andrealewis23@yahoo.com>; Anna Gerts  <annagerts@yahoo.com>; Dave Armitage <armitagedavidd@gmail.com>; Ara Mihranian <AraM@rpvca.gov>; Aedyn  Tisine Lao <laojeweler@sbcglobal.net>; A SANDY <sandy@pattonsite.com>; Gores Ali Vicuna Vicuna  <avicuna@gores.com>; AC Plumbing Inc <ac_plumbinginc14@yahoo.com>; Alexander Cherniss x404  <chernissa@pvpusd.net>; Alexey Steele <flamebrush@yahoo.com>; Dr William Dillin Asst Nicole Welsch 7272 Wife  MaryAnn <wdillin@earthlink.net>; Jamie Rosenwald <avora@daltoninvestments.com>; John Cuello  <audiovideo23@gmail.com>; John Cruikshank <john@johncruikshank.us>; Jon & Kay Niemann  <jonniemann@hotmail.com>; Joseph Skarzenski “Joey” personal #3631 <jskarzenski@gores.com>; John & Tashia  Morgridge <morgridg@cisco.com>; Joe & Gillian Roebuck <joeroebuck@comcast.net>; John Schoenfeld  <john@jalexanderco.com>; Dr <John.Chretin@vca.com>; Dr Chris Zoumalan <czoumalan@gmail.com>; Dr Eric Millstein  Eric 6999 Mariana 8078 Practice Coordinator <mariana@millsteinorthopedics.com>; Dr David Bruyette  <david@anivive.com>; Dr David Aftergood Endocrinology <davidaftergood@hotmail.com>; Dave Emenhiser  <emenhiser@aol.com> <emenhiser@aol.com>; Dr David Kulber 8635 W. 3rd 990W <david.kulber@cshs.org>; Dr Jeff  Sherman <towergastro@gmail.com>; Dr Jeffrey Lulow <jmlulowphd@drlulow.com>; Dr Jo Cornell  <jorichholly@aol.com>; Bob & Fran Johnson <johnsonbobw@yahoo.com>; Dr Vernon Williams Off 7286 Wife Brenda  <vernon.williams@kerlanjobe.com>; Dr Vernon Williams Off 7286 Wife Brenda <vernon.williams@kerlanjobe.com>;  Mary Ann & Dr William Dillin <mdill4@aol.com>; J & C Trees San Pedro <trees@gmail.com>; John Schoenfeld  <john@jalexanderco.com>; Vicki Schoenfeld <queeniev@earthlink.net>; Robert Nelson <nelsongang@aol.com>  <nelsongang@aol.com>; Barbara Culver <culverpve@cox.net>; Bryan Fried <bfried@visionairelighting.com>; Brian  Campbell <bssi.campbell@gmail.com>; Barbara Ferraro <barbara.ferraro@rpvca.gov>; Bob & Laura McGaha  <macgfamily2004@yahoo.com>; Wine Bob Golbahar President Twenty Twenty Wine Merchants  <sales@2020wines.com>; Ty Bobit <bobit@cox.net>; Tony Rubino <docr10@aol.com>; Sam Rubino  <IAMSAMBINO@aol.com>; Sam Sim <ssim@cgemgmt.com>  Subject: Opposition to supporting Prop 15  Excellent Letter re “Why Opposing Prop 15” Let us NOT start the repeal of Prop 13! Read and do pass along! Bill & Sandy From: David Cross <dvcross@dslextreme.com>  Sent: Tuesday, September 15, 2020 2:55 PM  To: City Council  Subject: Opposition to City's support of Prop 15   G-4 2    To the Honorable PVE Mayor and PVE City Council Members - We have been informed that certain community groups may have approached you to solicit your support for California Proposition 15 on behalf of the City of PVE. If this is the case, we would like to express our ardent opposition to this course of action. Proposition 15 would raise property taxes on virtually all commercial properties in our city, given the Proposition's paltry exemption for exceptionally small properties. These increased taxes would almost certainly be passed along to the small businesses that rent space in these commercial buildings. These small businesses have already been severely impacted by operating restrictions and fall-off in customer volume due to the COVID-19 pandemic, and many would likely be forced to either raise prices to non-competitive levels, or to go out of business entirely as a result of such rent increases. At a time when the City is so desperately in need of revenue, it is difficult to understand why the City would advocate actions which would eliminate the sales tax revenue that these businesses generate. Furthermore, to the degree that this Proposition would make it more profitable for commercial property owners in the City to sell their properties than continue to lease space in them, the recent zoning actions by the City would effectively guarantee that these properties would be converted to ultra-high-density residential development, forever changing the character of the City, and placing even more strain on the outdated City infrastructure that is barely adequate to handle the current population density. For all of these effects on the City that this Proposition would engender (not to mention the statewide effects), we urge you to refrain from taking any action in support of Proposition 15 in the name of the City of PVE. Respectfully David & Janis Cross Via Coronel G-5