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 such, building owners would be taxed at…
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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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In the past few months, community organizers and activists brought the topic of police brutality to the forefront of our national conversation. As such, large cities like Los Angeles have been forced to reconsider their approach to policing. Notably, Los Angeles voted to cut $150 million from the LAPD budget, while introducing a new …
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It’s no surprise that Californians are leaving the state in record numbers. Due to rising rent, cost of living, and taxes, California is becoming less affordable for many Americans. Despite this, legislators are supporting Proposition 15, a ballot measure that would create higher …
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As we’ve highlighted on our site, Proposition 15 will do much to hurt businesses and families across California. With that being said, more attention should be focused on how Proposition 15 will not do much to help schools and classrooms. In fact, while special interests are using Proposition 15 in the name of school improvement, it will mainly prioritize administrative costs …
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Californians are no stranger to high monthly utility bills. With our infamous hot and dry summer days, we depend on air conditioning to keep cool during our long summer season. Without a doubt, these hot weather conditions add much to our monthly expenses and contribute heavily to climate change. Surprisingly, if voters approve Proposition 15 …
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Over the past two years, the future of shared workspaces seemed dark and at a dead end. With demand for coworking space at an all-time low and with COVID-19 creating a transition to remote working, it felt like major companies like WeWork were quickly losing relevance. However, recent events prove that the shared workspace industry is still alive, and has so much potential for innovation and growth.
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For the Spotlight Series, BOMA/GLA would like to highlight the incredible work done by Long Beach Councilwoman Stacy Mungo. Currently serving the 5th District, Councilwoman Mungo has pursued many unprecedented initiatives to advance the prospects of her district.
Continue ReadingAmid an unprecedented economic crisis, special interests are pushing Proposition 15 on the November 2020 statewide ballot that will undo Proposition 13’s property tax protections. In short, this will be the largest property tax increase in California history. However, most relevant to the commercial real estate industry is Prop. 15’s impact on commercial tenants throughout California …
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Boasting over 450 signatures, Climate Mayors (LINK) is a bold network of U.S. mayors with the goal of mitigating climate change. Through close contact, this collaborative group seeks to create innovative sustainability initiatives across many U.S. urban cities. In fact …
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.