CC MIIN 1976 - Laserfiche WebLink

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4 1 ��. �. Discussion followed concerning the desire of Council to keep the tax rate down; the evaluation made by Council at the time positions were eliminated, and the Budget Study Session procedure. � ' In response to statement by Mr. Margolies that he was not given a fair opportunity to speak against elimination of the =< Clerk Typist II position because he arrived at the session when consideration of it was �ust ending, Mr. Fales stated for the record that if Mr. Magolies has someth�ng to say with regard to the ethics of the conduct of the Budget Study Session that he should put his remarks in writing and give them to the City Clerk for transm�ttal to Council. Dave Cacciaroni firefighter (see above), stated he might have made more objection to the elimination of the Clerk pos�tion had he known the Admimstrative Assistant to be eliminated would be the one assigned to the Fire Department. Real Estate Conveyance Tax ' 1 Penelo e Tomlinson, President, Redwood City-San Carlos- Be mont Boar of Realtors, referred to her letter of June 18, 1976 protesting the �mplementation of a real property con- veyance tax Mrs. Tomlinson urged citizens be permitted to vote on whether they favor an increase in property tax or the conveyance tax. Mr. Fales expla�ned that the proposed tax is $3.30 per $1;000 payable on the transact�on once, ' wh�le a property tax of the amount needed to raise the same revenue would be an add�tional 6�-,¢ on the tax rate pdyable annually by everyone in the City. Discussion followed concerning the need for general tax re- form, the sources of revenue available to municipalities; the "buy-in" nature of the real estate conveyance,tax in recognition of the intention of the purchaser to use fac�li- ties already provided by the City, and whether or not the proposed tax is rtare or less equitable than other forms of taxation. • Stan S�lverstein realtor, suggested much of the opposition � to taxation results from the unfairness of certain types of taxes, noting that the proposed tax will cut into the equity of the seller of a home. It was explained that the tax is aimed at the buyer, although it was acknowledged that if the seller were to pay it, the tax would have to be included in the purchase price. Lengthy discussion continued regarding the equtty of various types of taxation, whether or not it is not preferable to have a conveyance tax patd once involving only the buyer and seller of property rather than an increased property tax paid annually by all residents, the desirability of realtors , participating in attempts to obtain tax reform, the lack of space for development of industrial property in the City, and the lack of negative influence of the conveyance tax in cities where it already exists. � -5- , Reg Mtg. � 6/21/76