PROPOSITION B
CLEAN AND SAFE NEIGHBORHOOD BONDS: This proposal incurs a bonded debt of $195,000,000 for the construction, reconstruction, renovation, demolition, environmental remediation, and/or improvement of park, open space, and recreation facilities. It authorizes landlords to pass-through 50% of resulting property tax increase to residential tenants. NO.
A bond issue is a tax on future taxpayers to pay for what present day voters want, and should be used more cautiously than done in this proposal.
Who benefits from Proposition B:
This project is city-wide so all residents benefit from the beautification provided by this project.