Development impact fees are just one of many factors contributing to high housing costs in California. But they’re a critical tool used by local governments to offset infrastructure costs.
At least a dozen localities have altered their tax rates and/or called for statewide reform.
This will be a huge relief, not just for the industry, but for state and local governments.
Desert Hot Springs will lower its marijuana cultivation tax to make itself a more competitive destination for cannabis businesses.
Even before the coronavirus pandemic, the City of Lemon Grove was struggling to stay afloat, with disincorporation mentioned as a real possibility.
By Robb Korinke
The underperformance of California’s legal marijuana market has ripped a hole in the state budget, according to documents released Thursday.
How Many Votes Does It Take to Pass a New Tax in California? Thanks to the California Supreme Court, Confusion Reigns.
The confusion “creates havoc for public agencies, it creates all this strange uncertainty for taxpayers and everyone else involved,” League of California Cities advisor Michael Coleman told CalMatters. “This kind of thing fuels cynicism about government.”
The city is bringing in about 56% of what was projected.
If passed, the 2020 initiative could yield an additional $6 billion to $10 billion annually.