The City Council Tuesday night voted unanimously to direct staff to conduct an analysis of the measure, which would charge a real estate transfer tax of $53 per $1,000 on properties valued at $8 million or more.

After reviewing the report, the Council must determine whether to approve Himmelrich's tax measure, which is not likely, or place it on the November ballot, which the Council must do if the measure qualifies.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/June-2022/06_16_2022_Mayors_Tax_Measure_Appears_Headed_for_Ballot.html