NAIOP Silicon Valley, Silicon Valley Leadership Group (SVLG), and the Palo Alto Chamber are working together in a coalition to fight the City of Palo Alto’s proposed square footage tax. After a second round of polling by the city, residents are not fans of the proposed tax.
The City of Palo Alto is inviting community leaders to join a conversation on City services, fiscal sustainability, and tax increases, which will help inform upcoming discussions on the annual budget process and potential revenue measures considerations.
City of Santa Clara held a Priority Session meeting on February 8th which included a report by their consultant Lew Edwards and team. This is the same consultant who has been hired by the City of Palo Alto. The City conducted a survey of 600 likely voters from January
California NAIOP organizations support the Taxpayer Protection and Government Accountability Act ballot measure that is sponsored by the Business Roundtable. The Taxpayer Protection and Government Accountability Act will give voters the right to vote on all future state taxes and holds politicians accountable for new fees and other increased
The Palo Alto Business Coalition, which is comprised of Silicon Valley Leadership Group (SVLG), Palo Alto Chamber and NAIOP Silicon Valley, continue to discuss the City of Palo Alto’s poll results and individual business interest in waging a campaign against the proposed tax increase.
President Joe Biden has unveiled two momentous plans that are part of his “Build Back Better” agenda. Costs to fund the American Jobs Plan and the American Families Plan could result in consequential tax changes and have a tremendous impact on CRE.