"There are reasons to be cautious about whether the scale of estimated new tax revenue predicated on previous sales over the past 10 years would materialize to the same degree year over year in the future," the report found.

That presents a problem because administering the programs will require hiring additional staff (paid for by the measure) on an ongoing basis with an "uneven flow of new annual revenues."

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/July-2022/07_25_2022_Consultant_Gives_Mayors_Transfer_Tax_Mixed_Review.html