The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot. TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new and increased taxes.
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California’s frequent droughts have led to incentives from agencies like the Metropolitan Water District (MWD) and the LA Department of Water and Power (LADWP).
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The U.S. Department of Energy (DOE) has released a national definition for “zero emissions buildings” to guide the real estate industry in cutting carbon emissions.
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The Operating Benchmark Report survey deadline is extended to June 21st.
This comprehensive survey covers various operating expenses, such as utilities, maintenance, insurance, and taxes.
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This week, the Long Beach City Council will be presented with revenue options to compensate for declining oil tax revenues. A transfer tax proposal modeled on Measure ULA is among the revenue options on the menu.
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Starting July 1, 2024, the California Green Building Code (CALGreen) requires commercial buildings to have EV charging infrastructure installed when doing certain construction projects.
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Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year. Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.
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BOMA International fights for laws and policies that help the U.S. commercial real estate industry at the federal level.
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A pilot program in North Hollywood is testing new ideas for LA Metro to invest in, while the Metro Board votes to boost security on their transit lines. The system will begin testing a “Tap to Exit” program requiring riders to verify their paid fare as they leave the system. A recent report showed that most incidents on Metro are caused by those who do not have a valid fare. More will need to be done, but the status quo is unacceptable.
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Two high-cost janitorial bills continue to advance through the legislative process, with both now in the Assembly Appropriations Committee.
Assembly Bill 2374 expands requirements for displaced janitors, and Assembly Bill 2364 imposes production rate limits.
Both bills represent new costs for an industry still reeling from market uncertainty.
The impact of the tentative labor agreement on the bills remains to be seen.
Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.