Oakland City Council Votes To Send New Business Tax Structure To November 2022 Ballot

City of Oakland
(Last Updated On: July 16, 2020)

– The City Council voted unanimously to send a new business tax structure law into motion by placing a measure on the November 2022 ballot.

Oakland District Four Councilmember Sheng Thao
District Four Councilmember Sheng Thao

’s business tax structure has not seen a

Nikki Bas Oakland City Council District Two Councilmember
Nikki Bas City Council District Two Councilmember and Lead Author

major overhaul in almost forty years. The City Council was united in its desire to see a progressive, equitable business tax structure which cuts taxes to small businesses while holding large corporations accountable for their fair share. Before its recess, the City Council will also vote to establish a Blue Ribbon Commission responsible for collaborating with stakeholders, examining ’s economic landscape, and ultimately recommending updated rates for the Council to consider. Councilmember Sheng Thao was proud to join Councilmember Dan Kalb and lead author Councilmember Nikki Fortunato Bas in introducing this groundbreaking progressive measure.

“The City of cannot afford to carry on with an outdated, regressive business tax structure.” stated Councilmember Thao,“Today, the Council has taken a bold step toward making a welcoming place for small businesses, while inviting our larger corporations to make a deeper investment from which all ers will benefit. Once implemented, this new progressive tax structure will help guide through this economic crisis and nurture the small business growth that will define the City.”

Councilmembers Bas, Thao, and Kalb partnered with community leaders,

Dan Kalb: Oakland District One Councilmember 2020 Reelection Live Interview
Dan Kalb: District One Councilmember

small business owners, and public sector unions including city workers and the Firefighters on developing this legislation. The measure could raise tens of millions of dollars in additional revenue for , potentially funding much needed essential city services.

“As the District 4 Councilmember I know that wildfire prevention, street safety and maintenance, public safety, park maintenance, small business support, and so many other public services have room to improve,” said Councilmember Sheng Thao, “I want to ensure that we can not only maintain these services but also expand them as we recover from this economic downturn. is a bright, vibrant, and culturally rich city that deserves city services that celebrate and support these traits.”

The Lift Up Coalition Issues A Statement

The Lift Up Coalition is made up of the Alameda Labor Council; ACCE Action; SEIU Local 1021; Rising; IFPTE Local 21; EBASE; and IAFF Local 55. It issued this statement via press release to Zennie62Media:

There is broad consensus that we must modernize ’s Business Tax. By moving this measure forward with a Blue Ribbon Task Force to study and recommend the updated tax structure and rates, we are looking forward to a policy that is thoughtful and meets the implementation deadline of 2023.

We want to thank the author Councilmember Nikki Fortunato Bas and co-sponsors Councilmembers Sheng Thao, Dan Kalb and Council President Rebecca Kaplan their work has persuaded a majority of the council to move forward and find the best business tax structure for .

There is no question about the need to modernize the business tax; any concerns expressed have been about process. The Blue Ribbon Task Force and the eighteen months it has to work on the issues answers any questions put to rest these concerns. Long after the current crisis and hopefully the recovery.

We will not give up on this issue and will push it to completion. It is vital to the future of our city and our communities.

Legislation to establish the creation of the Blue Ribbon Task Force will be heard at next week’s July 21st Council meeting.

 

Stay tuned,  Post based on press releases sent to Zennie62Media.

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