City of Milpitas Local Funding Measure. Shall an ordinance to update City of Milpitas's 50-year-old business tax be adopted, with no tax increase to residents, so small businesses pay less than larger businesses, with all paying an annual flat rate, plus 0.025% to 0.035% of gross receipts for larger businesses, providing approximately $3,000,000 annually for general city services such as maintaining fiscal stability, neighborhood safety /cleanliness; requiring public disclosure, all funds invested locally, until ended by voters?
