Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

A 10.25% Sales Tax in Santa Monica? Voters May Decide

santa-monica-city-seal.jpg
Photo by GarySe7en via LAist Featured Photos on Flickr
Stories like these are only possible with your help!
Your donation today keeps LAist independent, ready to meet the needs of our city, and paywall free. Thank you for your partnership, we can't do this without you.

The Santa Monica City Council is considering placing a measure on the November ballot that would put the city's budget woes in their hands. City leaders are considering placing a measure on the ballot that would ask voters to raise the sales tax a half cent or a property transfer tax hike of $1.50, according to the Santa Monica Daily Press. At issue is the projected $53 million budget shortfall the city will see over the next four and a half years.

Currently at 9.75% in Los Angeles County, the sales tax increase would mean Santa Monica could be boosted to 10.25%. However, a budget-saving state imposed sales tax of 1% is scheduled to expire next year July (but will legislators try to extend it?). The property transfer tax increase would increase to $4.50 per $1,000 spent on a property, matching the tax rate in Los Angeles and Culver City.

The city council has until August 6th to decide to place a measure on the ballot.