Santa Monica and Malibu Parcel Tax Measure Targets School District Funding
What happened
Measure ES proposes a permanent $495 annual tax on most parcels in Santa Monica to fund local public schools. The measure, which is expected to be placed on the November ballot, was confirmed to extend its impact to Malibu districts. The initiative is estimated to raise $12 million annually for the Santa Monica-Malibu Unified School District or a successor district.
From smdp.com
Why it matters
The tax is intended to replace existing city payments to the school district, which expire on June 30, 2027. The core effect is shifting a roughly $12 million annual cost from the city's general fund to individual property owners. The tax is designed to rise with inflation and has no expiration date.
The Santa Monica City Council is expected to place a parcel tax measure on the November ballot.
From smdp.com
Who's involved
- Santa MonicaThe city where the parcel tax measure is being proposed.
- MalibuA district confirmed to be affected by the proposed tax measure.
- city councilThe legislative body responsible for enacting policies in Santa Monica.
- Caroline TorosisThe Mayor of Santa Monica, who holds governmental roles within the city.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Santa MonicaSpeculative
Property owners in Santa Monica might face a direct shift of the $12 million annual cost from the city general fund to individual property tax payments.
- Agoura High SchoolSpeculative
Agoura High School's district might secure permanent funding for local public schools through the new tax measure.
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The entities involved
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Santa Monica
beachfront city in Los Angeles County, California, United States
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Malibu
city in Los Angeles County, California, United States