Adopt formal decision supporting campaign to remove commercial properties from Proposition 13
In Plain English
Proposition 13 limits property tax increases on all properties to 2% per year, even when market values rise much higher. This keeps commercial property taxes artificially low compared to residential properties. The city council would formally support a statewide campaign to change this law for businesses only.
Auto-generated summary. Source: official agenda documents.
Votes
Extend the meeting for one hour
Complete the current item and adjourn the meeting
Extend the meeting to 11:30 p.m.
Adopt Resolution No. 47-13
4 to 2
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