Our friends at the CalChamber have a review of the significant ballot measure that are shaping up for 2016.  Two measure of concern to the commercial real estate industry have already made the ballot, a CBPA Supported School Bond measure and a CBPA opposed proposal to require statewide voter approval for revenue bonds exceeding $2B.

Additionally, we are closely watching several measures that are out for signature including a significant Property Tax surcharge on all properties assessed at more than $3M;  extension of Proposition 30’s income tax increased; a minimum wage increase to $15 an hour by 2021; and a water bond proposal.

Click here to read the full article.

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)