Wednesday, September 22, 2010

BOMA California's Positions on the Statewide Propositions

The governing body of BOMA California has taken official statewide positions on several propositions that will appear on the November 2010 ballot.  The group agreed on which propositions to be active on and on the best positions for its respective members.  Please click here for the full list of state propositions on the November 2, 2010 ballot.

Please note, as a statewide professional organization representing commercial, industrial, and retail real estate, positions are taken on issues that have a unique and/or disproportionate impact on our industry:

Proposition 22 – Bars the state from taking/borrowing money dedicated for local government, redevelopment or transit agencies.
Proposition 22 Title, Summary and Analysis
Proposition 22 Arguments and Rebuttals 
POSITION:  Support

Proposition 24 – Repeals recent legislation that allows businesses to carry-back losses, share tax credits, and use other formulas to lower taxable income in the state.
Proposition 24 Title, Summary and Analysis 
Proposition 24 Arguments and Rebuttals

Proposition 25 – Change vote requirement to pass the state budget from two-thirds to a simple majority.
Proposition 25 Title, Summary and Analysis
Proposition 25 Arguments and Rebuttals 

Proposition 26 – Increases legislative vote requirement from majority to two-thirds for approving state fees, levies and surcharges.
Proposition 26 Title, Summary and Analysis
Proposition 26 Arguments and Rebuttals 
POSITION:  Support

If you have any questions, comment, or would like more context or information regarding these positions, feel free to contact BOMA California by clicking here.

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