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 SERVICES TO ADDRESS HOMELESSNESS, PROTECT
SENIORS AND LOW-INCOME RESIDENTS FROM HOUSING DISPLACEMENT,
BEHAVIORAL HEALTH SERVICES, PUBLIC SAFETY AND EMERGENCY
RESPONSE SERVICES, LIBRARY SERVICES, AFTER-SCHOOL PROGRAMS, AND
TRAFFIC SAFETY IMPROVEMENTS AROUND PUBLIC SCHOOLS
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 $20.00 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, protect seniors and low-income residents from housing displacement, and behavioral health; or
• public safety and emergency response teams to address safety issues on City streets and in parks; or
• the reopening and staffing of public libraries; or
• after-school programs for public school children; or
• crossing guards near public schools
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.