Increase to Measure E Transfer Tax
On June 17, 2024, San Jose Councilmember Omar Torres introduced a memo proposing to increase Measure E transfer taxes. The proposed rates were as follows: ● 4% for properties sold or transferred for more than $5 million. ● 5.5% for properties sold or transferred for more than $10
San Jose Parcel Tax
On March 19, 2024, San Jose City Council directed staff to explore additional funding mechanisms for operations and maintenance of City parks and to explore placing a measure on the November ballot to allow the City to enter long-term retail and commercial leases on City park land. A group
Mountain View Transfer Tax
On May 14, 2024, the Mountain View City Council unanimously voted to draft a Property Transfer Tax revenue measure for the November ballot, aiming to increase the property transfer tax that has remained unchanged since its adoption in 1973. This decision followed the approval of the Fiscal Years 2023-24 and 2024-25 Council Work
Sunnyvale Transfer Tax
In a significant decision that will shape Sunnyvale's future, the City Council has chosen to advance the Sunnyvale Library Measure, effectively shelving the proposed Real Property Transfer Tax. This resolution came after months of discussions, polling, and community feedback, culminating in a unanimous vote on May 21, 2024. Background on the Real Property
Responsible Construction Ordinance
On April 11, 2023, the San Jose City Council directed staff to develop a Responsible Construction Ordinance (RCO) to address wage theft in private construction. While crafting this ordinance, City staff met with representatives from the South Bay Labor Council, Santa Clara County Wage Theft Coalition, Working Partnerships USA, and the Santa Clara and
Mayor Matt Mahan’s Budget Plan
Just over two months after becoming Mayor of San Jose, Matt Mahan has put forward his first budget plan that has a major focus on public safety, homelessness, housing, and blight. It’s a self-proclaimed “back-to-basics” approach that he says will make San Jose a better city for everyone. “New spending really needs to
Elected Officials at the NAIOP SV Brokers Panel
Seven elected officials and their staff attended the 2023 Brokers Panel Luncheon on March 9th! It was a packed house with a team of experts discussing the state of the economy for leasing in the Bay Area. With moderator Ani Vartanian Boladian and our panelists Paul McManus, Kelly Yoder, Matt Taylor and Randy Scott
Taxpayer Protection Act
The Taxpayer and Protection Act qualified for the 2024 ballot and it will give voters the final say on all new and higher taxes as well as create strong accountability and transparency on hidden taxes and fees that have driven up the cost of living for families. According to the authors, some of the Taxpayer Protection and Government Accountability Act's key
New State Bills – An Update From the Desk of Matthew Hargrove
This new Legislature blew past historical records over recent past and introduced more bills than we have seen in a long time. Typically, we see about 2,100-2,400 bills introduced every year – in 2023 we now have 1,751 Assembly Bills and 881 Senate Bills, for a total of 2,632 bills, a 16% increase over the