City of Berkeley Measure Z: Initiative - Public Bank Measure
Unofficial result: Failed
Source: alamedacountyca.gov
Berkeley city, California
My vote power: High
What does this measure do?
Opposes: Cost of Living Reduction
Measure Z would create a six-year property tax to support a public bank that invests in housing, clean energy, and small businesses. The yearly rate would be 6 cents per square foot of homes and nine cents for other buildings.
Read the official ballot measure (PDF)
Proposed by: Citizen initiative by Friends of Public Bank East Bay, a nonprofit pushing a regional public bank
A nonprofit (project manager Neha Singh) that wants a public bank for the East Bay to fund affordable housing and clean energy. The tax would supply the bank's startup money.
Source: richmondside.org
A YES vote means
A yes vote creates the tax for six years to raise money for a public bank.
A NO vote means
A no vote rejects this tax, so this measure would not raise money for the bank.
Source: alamedacountyca.gov