April 2019: Resolution Supporting the California Schools & Local Communities Funding Act of 2020 to Close Corporate Tax Loophole and Maximize Resources for Public Schools
Publish Date: Aug, 16 2019
On April 16, 2019, Council unanimously passed a resolution introduced by Councilmember Bas supporting the California Schools and Local Communities First Funding Act of 2020, which would close a corporate tax loophole and raise billions for public schools and infrastructure. If this November 2020 ballot initiative succeeds, the potential increase in revenue generated is estimated at $192 million annually for Alameda County, $24.6 million for Oakland. See full details on Resolution #87612.