The initiative -- which comes two weeks after the union submitted a minimum wage measure for hotel workers -- would also impose a 15 percent tax on home-shares and vacation rentals, according to the initiative slated for the 2024 ballot.
The funds deposited into the housing fund "shall be used solely to promote, provide, and develop affordable housing and affordable housing measures and programs for hospitality workers," the initiative reads.
The measure would create a seven-member committee appointed by the City Council to recommend how the money would be spent and to set guidelines governing the fund.
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2023/August-2023/08_01_2023_Hotel_Workers_Union_Submits_Bed_Tax_Initiative.html
