Medida X: Medida sobre el impuesto de licencia comercial

Shall the measure updating the City's Business License Tax by replacing the current tiered structure with a $50 tax for businesses with annual gross receipts of $25, 000 or less and $50 plus $1. 00 per $1, 000 of gross receipts above $25, 000 for most other businesses; establishing a minimum tax base equal to the cost of operations for businesses whose operating costs exceed gross receipts; and raising approximately $1, 000, 000 annually, until repealed by voters, be adopted?