No on H & HH

Traffic is worse. Construction is never ending. The City Council has given away too much of our tax dollars to wealthy contractors. Now they want to increase taxes on homeowners and hand that money over to build more apartment buildings. There are ZERO guarantees as to how the money will be spent.

Measures H and HH will not ensure that Santa Monica takes care of its own.As a matter of fact, H and HH will increase taxes on Santa Monica residents to mostly benefit out-of-towners. H and HH will tax Santa Monica residents to fund more apartments that will increase construction and traffic for everyone. That’s no way to take care of Santa Monica.

THE FACTS

More Taxes: The City of Santa Monica wants to increase the documentary transfer tax to an average of $10,000 per sale. The City wants to triple the tax from $3 to $9 per $1,000 of the sale price. The average price of residential real estate, including condos, in Santa Monica is over $1 million (click HERE for Santa Monica sales data) Measures H and HH will increase our taxes!

More Out-of-Towners: The harsh reality is that 90% of the applicants for affordable housing don’t even live or work in Santa Monica. The City will probably build new apartments with our tax dollars for people who have no connection to Santa Monica.

More Traffic: Santa Monica is already gridlocked! If Measures H and HH pass, the City will construct apartment buildings with hundreds of units like the Hines project. It will increase population density and make traffic worse. Santa Monica is too congested already. Instead of focusing on reducing traffic, the City is focusing on creating more density downtown, which will actually cause more traffic, more gridlock and more frustration. Measure H and HH will bring more traffic.

More Construction: Measures H and HH are really about construction.  The last thing Santa Monica needs is more apartment buildings with hundreds of units. The City Council approved the Hines project but in the end, Santa Monica residents forced the council to rethink allowing more buildings. Measures H and HH will bring more construction.

Less Accountability: The dirty secret of Measures H and HH is that all of the revenues collected are deposited in the City’s General Fund. The City does not have to spend a penny on affordable housing. Don’t take our word for it, read the official Santa Monica City Attorney’s impartial analysis of Measures H and HH:

“…the City Council will not be bound by the outcome of the vote on the advisory measure. The City Council could decide to use the transfer tax revenue for any lawful City purpose...”

Santa Monica City Attorney’s impartial analysis of Measure H and HH

WHO WE ARE

With the real estate market slowly climbing out of the economic collapse, REALTORS® decided to join together to fight against the proposed increase in the Documentary Transfer Tax. We strongly oppose taxes on real estate that will impair the already fragile real estate market. It is simply the wrong time to impose new taxes – it is already very expensive to live in Santa Monica – let’s not make it any more difficult.

As election day nears, homeowners in Santa Monica no longer want to serve as the Council's ATM machine. Our coalition now includes homeowners, renters, business owners and a bunch of regular folks who just don't want more taxes, traffic an development!

MORE INFO

No on H + HH {published letter to the editor}

No on H/HH According to campaign finance statements on file with the City Clerk, the majority of the funding for the Development Tax, aka H+HH campaign, are developers, their lawyers and architects who will reap financial rewards from the building of new high density low income rental housing projects throughout Santa Monica, primarily North of... [READ MORE]

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