San Leandro officials said a decrease in sales tax revenues due to the covid-19 pandemic could exceed $10 million, rivaling the 26 percent drop it suffered during the Great Recession more than a decade ago. “It’s so early and we… Read More ›
real property transfer tax
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.
Hayward Mayor Barbara Halliday is a winner again. She continued a personal electoral winning streak Tuesday night spanning more than a decade, by registering a resounding re-election victory over Councilmember Mark Salinas. Halliday’s second term as mayor will include Councilmember… Read More ›
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.