A yes vote supports a one-time tax increase on real property sales over $8 million in Santa Monica.

This measure is expected to generate $12-25 million annually for enhancing general governmental services until February 28, 2033. However, it may deter high-value property transactions, potentially impacting the real estate market.

A yes vote supports a one-time tax increase on real property sales over $8 million in Santa Monica. This measure is expected to generate $12-25 million annually for enhancing general governmental services until February 28, 2033. However, it may deter high-value property transactions, potentially impacting the real estate market.