Santa Monica Likely to Vote on Increasing Sales Tax to 10.25%
The Santa Monica City Council on Tuesday moved forward with a plan to ask residents to increase the sales tax by a half penny on the November balot. Currently at 9.75%, if a majority of voters approve the measure, the sales tax would be hiked to 10.25%. Why a marjority vote and not a two-thirds vote? "As a 'general tax' that would raise revenue to be allocated at the council's discretion, the measure would require a simple majority vote to pass, rather than the two-thirds super majority needed to approve special taxes that direct revenue to specific uses," explained the Santa Monica Daily Press. The tax could raise $13-million for the cash-strapped city. Final approval for the ballot measure will take place at a July 13th meeting.