Hayward’s General Fund reserves estimated last June to fall below 20 percent of its expenses, a threshold mandated by the City Council.
A structural deficit in San Leandro may worsen if the economy turns downward soon. High turnout elections in 2020 could help support tax measures.
National Association of Realtor have spent nearly $150,000 to stop Hayward’s Measure T real estate transfer tax increase.
Measure T would double Hayward’s existing real property transfer tax from $4.50 per $1,000 of property value on residential and commercial buildings to $8.50.