EXHIBIT 2 – ADVISORY MEASURE TEXT
CITY COUNCIL PROPOSED ADVISORY MEASURE ASKING WHETHER
POTENTIALLY INCREASED REVENUES FROM INCREASING THE CITY REAL
PROPERTY TRANSFER TAX BY ESTABLISHING A THIRD TIER TAX RATE ON THE AMOUNT OF ANY REAL PROPERTY TRANSFER WHICH EXCEEDS $8,000,000
SHOULD BE SPENT ON HOMELESS AND MENTAL HEALTH SERVICES, PUBLIC
SAFETY AND EMERGENCY RESPONSE SERVICES, PUBLIC SAFETY AND
EMERGENCY RESPONSE SERVICES, LIBRARY SERVICES, AFTER-SCHOOL
PROGRAMS, TRAFFIC SAFETY IMPROVEMENTS AROUND SCHOOLS, AND
TRANSITIONAL HOUSING AND SHELTERS
This Advisory Measure Does Not Increase Taxes. It is an Advisory Measure which states the intent of the Voters in the City of Santa Monica that any increased revenues from establishing a Third Tier Tax Rate of $15.00 per $1000 of consideration or value, which would be applied solely to the amount of consideration or real property value transferred in excess of $8,000,000, as proposed by the “Comprehensive Real Property Transfer Tax Measure” (the “Transfer Tax Measure”), should be spent on the following programs and services:
• services to address homelessness and mental health; or • public safety and emergency response teams to address safety issues on City streets and in parks; or
• the reopening and staffing of all public libraries; or • after-school and post-COVID recovery programs for public school children; or • traffic safety improvements around schools, including crossing guards; or • transitional housing and shelters
If this Advisory Measure is passed by the Voters and the Transfer Tax Measure does not pass, there will be no change to existing policy.