Elections
BOMA/GLA’s Aaron Taxy officially elected as Vice Chair of the BizFed Political Action Committee
Aaron Taxy, BOMA/GLA’s Director of Government and Public Affairs, was officially elected as Vice Chair to the BizFed Political Action Committee. In effect, this new position makes Aaron the Chair-designate for 2023 through 2024. The BizFed Political Action Committee (PAC) is the well-resourced, highly effective sister PAC of the …
Read More2020 – A Look at BOMA/GLA’s Past Advocacy Efforts, And What’s to Come
The past year has been a challenging one. To be sure, the COVID-19 pandemic has ushered in an unprecedented moment in history, with many economies hit hard by government restrictions. During these times, property owners and businesses have also been thrown into the unknown. Fortunately, our Government and Public Affairs department …
Read MoreProposition 15 Defeat Shows California Prioritizes Growth and Small Businesses
The defeat of Proposition 15, the state’s largest tax initiative, is indicative of California’s strong preference for economic growth and small businesses. If approved, Proposition 15 would have raised taxes for thousands of local small businesses, while increasing the cost of living for everyday consumers. Fortunately, Proposition 15’s decisive defeat is a strong message to …
Read MoreNew Culver City Tax Will Cost Commercial Property Owners Millions
In response to the COVID-19 pandemic’s drastic impact on local tax revenue, the Culver City’s City Council voted 4-1 voted to play a tax proposal on the November 3 ballot. Voters would follow suit, with Measure RE being narrowly approved at just a margin of 819 votes. BOMA/GLA opposes this measure, as we believe the tax places an unfair onus on property owners …
Read MoreProposition 15 is Defeated!
Last Wednesday night, the Associated Press officially called the results of Proposition 15. Proposition 15, the largest property tax increase in California history, was defeated last night by a margin of more than 550,000 votes! This ends a challenge to dismantle …
Read MoreCivil Unrest Beginning to Brew in Los Angeles, Nationwide
While the outcome of the 2020 Presidential election is still well underway, the Los Angeles Police Department (LAPD) is gearing up for potential civil unrest and demonstrations. Though there have been no confirmed cases of violent outbreaks, the LAPD has issued a citywide …
Read MoreElection Updates – Prop. 15, Prop. 21, and Local Elections
This election is a nail-biter, and with many ballots still being counted, many of the close races, including Proposition 15, are still up in the air. However, some local races are likely to be called, including Nithya Raman and Mark-Ridley Thomas, who both have substantial leads in their races.
Read MoreTell Your Friends – Proposition 15 Will Increase Cost of Living and Reduce Government Services
In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.
Read MoreVisualizing the Huge Cost of Proposition 15
Visualizing the Huge Cost of Proposition 15 BOMA/GLA Education Proposition 15, still not approved by voters, could cost property owners millions. In short, Proposition 15 seeks to end Proposition 13 protections for property owners. Under this tax regime, commercial property owners would be taxed based on market value, which is constantly increasing every year. As…
Read MoreProposition 15 Puts Education Last
Proponents of Proposition 15 cite classrooms as the main reason for taxing local properties and businesses. Unfortunately, Proposition 15 actually places education last in line. Most commercial real estate and business organizations are not …
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