Posts by growthzone
New Culver City Tax Will Cost Commercial Property Owners Millions
In response to the COVID-19 pandemic’s drastic impact on local tax revenue, the Culver City’s City Council voted 4-1 voted to play a tax proposal on the November 3 ballot. Voters would follow suit, with Measure RE being narrowly approved at just a margin of 819 votes. BOMA/GLA opposes this measure, as we believe the tax places an unfair onus on property owners …
Read MoreProposition 15 is Defeated!
Last Wednesday night, the Associated Press officially called the results of Proposition 15. Proposition 15, the largest property tax increase in California history, was defeated last night by a margin of more than 550,000 votes! This ends a challenge to dismantle …
Read MoreProperty Tax Relief Available for Civil Unrest Damages
According to the Los Angeles County Tax Assessor, you may be eligible for Misfortune or Calamity Property Tax relief if your property has been damaged by a natural disaster or other unforeseeable, sudden, and unusual occurrences. Filing a claim will temporarily reduce the assessed value of your property – and your property taxes. Granted, these values will remain in effect until …
Read MoreElection Updates – Prop. 15, Prop. 21, and Local Elections
This election is a nail-biter, and with many ballots still being counted, many of the close races, including Proposition 15, are still up in the air. However, some local races are likely to be called, including Nithya Raman and Mark-Ridley Thomas, who both have substantial leads in their races.
Read MoreTell Your Friends – Proposition 15 Will Increase Cost of Living and Reduce Government Services
In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.
Read MoreMetro Bus Lanes – A Risky Approach To Declining Ridership
Metro, as part of its Vision Zero plan, is in the process of creating new bus-only lanes in major Los Angeles thoroughfares. Due to severe declines in ridership, these bus lanes seek to attract back those leaving the transit system. Even low-income populations, who have historically depended upon public …
Read MoreLA City Will Create Crisis Response Team For Non-Violent 911 Calls, First Step in Police Reform
This past Wednesday, the Los Angeles City Council moved to adopt a motion that will reform police responses to certain 911 calls. Specifically, the proposal would form an unarmed crisis response team for non-violent …
Read MoreLA County Makes Significant Sustainability Progress
Last year, the LA County Board of Supervisors passed OurCounty, a comprehensive regional sustainability plan that sought to orient LA County towards a green future. While some of the projects initially seemed difficult to implement, the County is certainly turning heads. In their annual report, the County Chief Sustainability Office has publicized their …
Read MoreMetro Passes New Bold Transit Sustainability Plan
Last month, the Los Angeles Metro Board of Directors unveiled a new bold sustainability plan aimed at rethinking transportation. More formally known as the Moving Beyond Sustainability plan, the plan seeks to broaden access to public transportation while …
Read MoreVisualizing the Huge Cost of Proposition 15
Visualizing the Huge Cost of Proposition 15 Elections, Taxes Proposition 15, still not approved by voters, could cost property owners millions. In short, Proposition 15 seeks to end Proposition 13 protections for property owners. Under this tax regime, commercial property owners would be taxed based on market value, which is constantly increasing every year. As…
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