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Mayor proposes new tax to fund housing and schools

03/24/2022 10:26 AM | Margaret Fulton (Administrator)

A trio of Santa Monica officials are mounting a campaign for a new tax on real estate sales to fund homeless services, affordable housing programs and local education efforts. 

Santa Monica Mayor Sue Himmelrich, her husband Michael Soloff (who is Co-Chair of Santa Monicans for Renters Rights) and Jon Katz (President of the Santa Monica Democratic Club) are soliciting public support for an additional real estate transfer tax on property sales greater than or equal to $8 million. If their petition is successful, the question would be put to voters in November of this year. 

Read More: https://www.smdp.com/mayor-proposes-new-tax-to-fund-housing-and-schools/216254

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