The plan to protect Muni
1. Local parcel tax
Fairness
Largest properties pay largest amount
95% of single-family residences pay flat $129 annual rate
Rent controlled units have a capped passthrough of $65 annually
Exemptions for seniors 65+
Accountability
Sunsets in 15 years
Requires third-party financial efficiency review
Establishes citizens’ oversight group to review reto fund Muni operations (filling about half of the budget deficit)