however, with assessments and local taxes added in most places would see a tax rate over 1.75%. which would push our rate onto the wrong side of the national average. on the other hand, these increases will be immediately passed on in CAM charges and then into consumer prices. that is not what we need right now. this would trigger massive re-valuations with decreased NOIs and increased CAP rates, so it would probably end up cancelling out a lot of the increase. not to mention the added pressure on already tight deals and what that means for the community banks throughout the state.

we have a severely business unfriendly label in california and this will reinforce that for small business owners. the plans are silly at best. one with a small business owner exemption (can i just create more llcs and keep qualifying?), constant reassessments (those work to the negative too, guys), and play to populous rage. these bills just seem so uneducated. and probably the biggest issue i have is that they funds would be diverted immediately to k-12 schools, universities and public services. because business use more public services than citizens. ive never bought into that line of thinking. if public service is so expensive why not just send people and invoice? and the schools issue?! our UC system is screwed with backwards thinking and will cannibalize itself soon enough. we throw so much money at education with no consequence. start demanding that the children learn and pay the schools based on that. money should be for programs to enhance learning. we just throw good money after bad with the mindset that eventually enough cash will solve the problem. i stopped voting for school bonds as soon as i was able to vote. how about some accountability in the system. kthanks.

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