- SPLIT ROLL MEASURE OFFICIALLY QUALIFIES FOR 2020 BALLOT
- CSHPT LEADERS RESPOND TO SPLIT ROLL SACRAMENTO
- TWO WEEKS TO GO!
- SUPPORT PROP 3 – WATER BOND
- SUPPORT PROP 5 – PROPERTY TAX TRANSFERS
- OPPOSE PROP 10 – RENT CONTROL
- RENT CONTROL MEASURE MUST BE DEFEATED! NO ON PROP 10 AD
- CBPA 2018/2019 CALENDARS
SPLIT ROLL MEASURE OFFICIALLY QUALIFIES FOR 2020 BALLOT
California Secretary of State Alex Padilla announced that the initiative to dismantle Proposition 13 by creating a split roll is qualified and eligible for the November 2020 ballot.
Under the proposal, all non-residential properties will be reassessed to 2020 values and be reassessed every three years thereafter. Commercial property will lose certainty about future tax liabilities and one can only imagine the impact and cost to long time property owners that will see massive adjustments.
The proponents of this effort have stated it’s a $11 billion tax impact to your properties.
Aside from the direct impact on properties, the Legislative Analyst’s office has warned that the proposal will introduce far more volatility into the state’s funding stream. Property taxes have been a reliably predictable since prop 13 passed allowing better budgeting.
We will continue to work closely with allied business and taxpayer groups on the statewide strategy to defeat this measure. Our industry has been preparing for this moment for some time. The campaign will be very costly, but the costs of this tax are much greater! THE TARGET IS YOU and you need to defend yourself.
Click here to learn more.
CSHPT LEADERS RESPOND TO SPLIT ROLL SACRAMENTO
Members of the Californians to Stop Higher Property Taxes coalition issued the following statements today in response to the $11 billion split roll property tax increase measure qualifying for the November 2020 ballot:
“Californians are some of the most heavily tax-burdened in the country. Now, special interests want to raise taxes by another $11 billion through this measure, despite record-high revenue, record-high per-pupil spending and $17 billion in budget reserves. A split roll property tax increase isn’t needed and will just make it more difficult to do business in California.”
— Rex Hime, President, California Business Properties Association
“We have already established a strong and broad-based coalition to fight this assault on the most important taxpayer protection Californians have. A split roll property tax is an $11 billion tax increase that will increase costs for everyone at a time when the high cost of living is already driving companies and residents out of the state.”
–Jon Coupal, President, Howard Jarvis Taxpayers Association
“Make no mistake, this is the first step toward a full repeal of Proposition 13, the most important taxpayer protection that has kept housing affordable, especially at a time when the growing list of taxes and fees being paid by hardworking Californians have led to the affordability crisis we’re facing today”
—Rob Lapsley, President, California Business Roundtable
“Not only can Californians not afford an $11 billion tax increase, but the measure includes no taxpayer protections, cost controls or accountability and transparency. We will have no idea how this new tax revenue will be spent or have any guarantee it will go where the special interests claim it will. This measure will increase costs on all Californians without any guarantees the money will be used responsibly.”
—Teresa Casazza, President, California Taxpayers Association
“This initiative will have a devastating impact on small businesses, which are already struggling to keep their doors open. Small businesses simply can’t afford an $11 billion tax increase, and neither can working Californians.”
— John Kabateck, State Director, National Federation of Independent Business in California
Californians to Stop Higher Property Taxes is a broad-based coalition of taxpayer advocates, small business advocates and a growing list of regional and local organizations all opposed to this $11 billion tax increase that will affect all Californians. Click here to learn more.
TWO WEEKS TO GO!
In just over two weeks Californian’s will go to the polls to vote for new representation and weigh in on important policy questions up and down the ballot. Vote by Mail packets are already in the mail.
Our association makes recommendations on those issues that have a statewide direct and/or disproportionate impact on the commercial, industrial, and retail real estate industry.
For recommendations on local candidates and issues please connect with your local staff.
SUPPORT PROP 3 – WATER BOND
Proposition 3 authorizes $8.9 billion in state general obligation bonds for various infrastructure projects related to water projects.
Please vote YES on Proposition 3.
SUPPORT PROP 5 – PROPERTY TAX TRANSFERS
Proposition 5 would allow homebuyers who are age 55 or older or severely disabled to transfer their tax assessments from their prior home to their new home.
Please vote YES on Proposition 5.
OPPOSE PROP 10 – RENT CONTROL
Proposition 10 repeals Costa-Hawkins Rental Housing Act and would allow rent control across the state. We believe the measure has too many flaws and must be defeated. Prop. 10 allows regulation of single-family homes, places bureaucrats in charge of housing, could cost the taxpayers millions in new costs to local government, and drives up the cost of new housing.
Please vote NO on Proposition 10.
RENT CONTROL MEASURE MUST BE DEFEATED! NO ON PROP 10 AD
Proposition 10 would be such a disaster for our industry we want to provide you more information and hopefully help you communicate with peers, colleagues, tenants, next door neighbors, your barista, and your barber, about why they should VOTE NO on PROP 10.
Prop 10 has too many flaws and must be defeated.
Here is a new ad on this bad measure that we hope you will share widely with your networks:
- Allows Regulation of Single-Family Homes
- Places Bureaucrats in Charge of Housing with the Power to Add Additional Fees
- Puts Taxpayers at Risk for Millions in Legal Costs
- Adds Tens of Millions in New Costs to Local Governments
- Drives Up the Cost of Existing Housing
Vote NO on Prop. 10. Click here for more information.
CBPA 2018/2019 CALENDARS
October 25, 2018
Industry Awards Dinner & Board Meeting
The Renaissance Newport Beach Hotel, Newport, CA
February 20, 2019
CBPA Winter Board Meeting
March 28, 2019
CBPA Industrywide Leg Meeting
June 11 – 12, 2019
California Commercial Real Estate Summit
December 5 – 6, 2019
Strategic Issues Conference
Please feel free to contact Melissa Stevens at firstname.lastname@example.org should you have any questions or require additional information about our events.