NAIOPSV Board met with the Mayoral Candidates of the City of San Jose
On July 21st, the NAIOP Silicon Valley Board of Directors invited San Jose Mayoral candidates to meet the board during their July meeting. The candidates were invited to provide written responses to a standard set of questions for the Board to review in advance of their meeting. Questions related specifically to candidates' perspectives
City of Sunnyvale Tax Increase Fails to Move Forward
Recently, NAIOP Silicon Valley reported that the City of Sunnyvale was considering a tax. Below, NAIOPSV provides a play-by-play of council action, and what to expect next. The First Vote. The City of Sunnyvale Councilmembers voted 3-3 to place the measure on the ballot with Vice Mayor Cisneros absent. The motion failed and thereby the
City of Santa Clara Tax Increase
City of Santa Clara Voted to Raise Taxes at a Reduced Rate The City of Santa Clara voted to place a head count tax measure on the November ballot. After more than 3 hours of discussions, on July 12 Council voted 5-2 (Mayor Gillmor and CM Watanabe dissenting) to place a flat $45
More News…The City of Palo Alto Tax Increase
Palo Alto council members voted 6-1 during a special meeting on Wednesday August 10th only two days before the deadline to place a 7.5 cent tax per square foot of office space for all non-exempt businesses above 10,000 square feet. The tax measure includes an annual cap of $500,000 annually, and a flat
City of Sunnyvale to consider Transfer Tax
To deter yet another Silicon Valley City Tax, NAIOP Silicon Valley urges all members to call or email the Council Members of the City of Sunnyvale to discourage yet another tax without proper outreach with commercial property owners. The City Council of Sunnyvale sponsored a study issue to explore a 2022 General Election ballot measure to modify
Headcount Tax to be on the Ballot this November in the City of Santa Clara
NAIOP Silicon Valley reported last week that taxes are on the table with the City of Santa Clara and their interest to increase its business tax. The last time Santa Clara’s business license tax was updated was 1992. On Tuesday night, a decision was made. The City of Santa Clara voted to place
Warehouse Bill Stalled…For Now
The California State Legislature is now on recess and there is big news about the Warehouse Bill – AB 2840 (Reyes), which stalled in the Assembly Governance and Finance Committee last week. Below is a statement from Matthew Hargrove, President and CEO of California Business and Properties Association.
New Info | City of Santa Clara [Potential] Taxes ahead…
NAIOP Silicon Valley reported last week that taxes are on the table with the City of Santa Clara and their interest to increase its business tax. The last time Santa Clara’s business license tax was updated was 1992. The proposal is as follows: a Business License Tax increase to $75, increasing incrementally between
An Election Recap
Although NAIOP Silicon Valley does not take any positions on elections, below are the results of the local primary elections in Santa Clara County.