Property tax referendum and CRA outreach
Summary
If voters approve the statewide homestead exemption increase in November, the city could lose $300 million of taxable value in year one and $350 million in year two — potentially $2.5 million in revenue — pushing the general fund below its minimum reserve policy unless the city cuts spending or finds new revenue.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 14, 2026.
Impact analysis
Up to $2.5 million in lost revenue over two years if the referendum passes.
Homeowners who claim the larger homestead exemption would pay less property tax.
The whole city would face pressure to cut services or raise other revenue if the exemption passes.
Mentions & discussions (2)
City Council - Jul 14, 2026
Retired fire lieutenant Paul Camus urged council members and residents to campaign door-to-door against the November ballot question affecting redevelopment agencies, saying fire departments could lose jobs if it passes.
General - Jul 7, 2026
If voters approve the statewide homestead exemption increase in November, the city could lose $300 million of taxable value in year one and $350 million in year two — potentially $2.5 million in revenue — pushing the general fund below its minimum reserve policy unless the city cuts spending or finds new revenue.
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