Santa Monica voters will have the opportunity to decide the fate of a local ballot measures this coming November and arguments for the proposed luxury tax ordinance have been released online.

The measure asks if the City of Santa Monica shall increase the one-time real estate transfer tax paid on each property sale that’s worth $5 million or more by $3 for every $1,000 of the sales price. 

Read More: https://www.smdp.com/arguments-in-favor-and-against-proposed-ordinances-released/195508