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HomeMy WebLinkAboutStaff Report 9107 City of Palo Alto (ID # 9107) Finance Committee Staff Report Report Type: Action Items Meeting Date: 4/17/2018 City of Palo Alto Page 1 Summary Title: Review of Initial Public Opinion Survey for Infrastructure Funding Needs Title: Review of Initial Public Opinion Survey Results Regarding Potential 2018 Ballot Measure to Address the Funding Gap for the 2014 Infrastructure Plan, Discussion of Next Steps for Addressing the Funding Gap, and Potential Recommendation to Council Regarding Refinement of Survey Elements and Objectives for Follow-Up Survey From: City Manager Lead Department: Administrative Services Recommendation Staff recommends that Finance Committee review the results of the initial public opinion survey and provide direction on next steps in addressing the funding gap for the 2014 Council Infrastructure Plan projects, including discussion of priorities with respect to competing future capital investments and a potential refinement of survey elements and objectives for a follow- up survey. Background On March 20, 2018, the Finance Committee approved direction to Fairbank, Maslin, Maullin, Metz & Associates (FM3 Research) to conduct an initial public opinion survey, from March 23 to April 2, 2018, to assess public support for a potential November 2018 ballot revenue measure to help address the funding gap for the 2014 Infrastructure Plan projects, currently estimated at $76 million including a $20 million contingency placeholder. The survey also gathered information regarding the level of public support for funding other “community asset” projects, such as the second phase of the new Junior Museum and Zoo, a New Animal Shelter, and implementation of elements of the Parks Master Plan which were estimated to cost $55 -65 million. In addition, the staff report provided discussion and tables outlining the current cost estimates for both the Infrastructure Plan projects and other community asset projects as well as potential funding options for these projects. (CMR #9039 Initial Public Opinion Survey for Infrastructure Funding Needs) City of Palo Alto Page 2 On February 6, 2018, the Finance Committee discussed the next steps for addressing the existing funding gap1 for the Council Infrastructure Plan projects. The Council Infrastructure Plan includes the following nine projects:  Public Safety Building  Highway 101 Pedestrian/Bicycle Bridge  Bicycle/Pedestrian Plan Implementation  Charleston/Arastradero Corridor  Byxbee Park  California Avenue Parking Garage  Downtown Parking Garage  Fire Station 3 Replacement  Fire Station 4 Replacement Discussion Survey Results FM3 Research conducted a survey from March 23 to April 2, 2018 by phone and through email and received approximately 1,200 responses from likely November 2018 voters. (For more information, a summary of survey results from FM3 Research is provided in Attachment A.) These survey results were juxtaposed to recent similar survey results completed in 2013 and 2016. Overall the survey results indicated that the City’s current direction is not as highly supported as it was in a similar survey in 2016. In addition, the confide nce in the City’s management of infrastructure and finances has declined since 2016; however, it is important to note that this trend is not unique to Palo Alto. These sentiments have been expressed in recent polls done for other surrounding communities and jurisdictions in the Bay Area. Even though confidence has declined overall, the City’s maintenance of its infrastructure still has approval from two-thirds of the survey sample. Additional funding to support infrastructure polled with a little less than 50% support, which is similar to results from a poll question posed in 2013 asking about the need for additional funding to maintain and improve infrastructure. When asked about specific infrastructure projects that have been identified as upcoming needs , projects that pertained to public safety, streets maintenance, and bike/pedestrian safety all rated over 60% in terms of importance. A majority of the projects that fall into the community asset project category previously discussed by the Committee rated less than 40% in terms of importance. Specific types of funding mechanisms were evaluated that could potentially be used to fund the City’s infrastructure repairs and improvements. The four funding options polled were increases to the transient occupancy tax (TOT), documentary transfer tax, and sales tax, or establishing a 1 Information on the 2014 Council Infrastructure Plan funding gap is provided in the February 6, 2018 Finance Committee report (CMR #8927) at https://www.cityofpaloalto.org/civicax/filebank/documents/63293 City of Palo Alto Page 3 parcel tax. Increases to both the TOT and the documentary transfer tax polled with over 50% support, while increases to sales tax or establishing a parcel tax both polled with under 4 0% support. The survey also assessed how much in additional taxes households would be willing to pay annually to support infrastructure needs. A $100 increase per year was the upper limit that still received a majority of positive support. Updated Potential Funding Options Staff continues to work to identify multiple types of funding sources, ranging from current ly available funding, anticipated new funding, and funding from potential revenue generating ballot measures. Below is an updated version of a table previously presented addressing available and anticipated funding, and a new table estimating potential revenues generated by ballot measure initiatives. Table 1: Project Funding Options Additional Parking In-Lieu Funds (Downtown Garage) $2.8 million FY 2019 estimated SB1 funding (Charleston/Arastradero Project) $1.2 million Other Sources (Charleston/Arastradero Project) $1.7 million Infrastructure Reserve (currently “scheduled annual” General Fund transfer for CIP investment between FY 2019 – FY 2023 $25- $30 million Available Funding Sources (w/o ballot measure) $31- $36 million New Estimated Transient Occupancy Tax estimated debt issuance (anticipated opening FY 2020, Marriott hotels)* $35 million Additional hotel development Transient Occupancy Tax receipts (in entitlement process)* $10- $12 million Transportation Tax measures (SB1, Measure B, through FY 2023) $12 million Sale of City of Palo Alto real estate assets (Middlefield lots) $4 - $5 million Anticipated Funding Sources (with less certainty) $61- $64 million The table below articulates both the potential annual revenue generated as well as potential debt issuance that can be leveraged against the four tax increases that were polled in the initial survey. Except for a parcel tax, which requires 2/3 voter approval, each of these measures could be structured as a general tax measure requiring a simple majority for approval. Should a “special tax” measure be pursued, dedicating these funds to certain purposes, this would require a 2/3 voter approval. City of Palo Alto Page 4 Table 2: Potential Ballot Measure Initiatives Tax Measure Annual Revenue Total Debt Leverage 1% Increase in TOT (from 14% currently, to 15%)* $1.7 million $16.7 million $1.10 per $1,000 increase in Documentary Transfer Tax (from $3.30 per $1,000 currently, to $4.40 per $1,000)* $2 million $19.6 million 1/4 cent increase in Sales Tax (additional 0.25% to rate of 9.25%)* $5-$6 million $49-$59 million Parcel Tax ($100/parcel) $2.1 million $29.4 million * All economically sensitive revenues are modeled at 70% of estimated receipts leveraged for debt service. As mentioned above, increases to the TOT and Documentary Transfer Tax polled favorably; however, an increase to the sales tax or establishing a parcel tax both polled below 50 % approval. Below is additional background information for TOT and Documentary Transfer Tax rates compared to other cities. In addition, Attachment B has a full list of these comparables. Transient Occupancy Tax Palo Alto has a TOT (hotel tax) rate of 14 percent of the room rate. This rate increased from 12 percent to 14 percent in 2014 as approved by the voters and is consistent with other destination cities such as San Francisco, Oakland, Santa Monica and Beverly Hills. The highest rate in the state is currently 15 percent in Anaheim and the median rate in the state is 10 percent, according to Californiacityfinance.com. Some cities have other taxes included in addition to the hotel tax, such as tourism tax and/or convention center tax. For every 1 percent increase in the tax rate, we estimate collecting $1.7 million in additional revenues annually. Documentary Transfer Tax California’s Documentary Transfer Tax Act allows counties and cities to collect tax on transactions that transfer real estate. In addition to the county rate, cities may impose additional documentary transfer taxes. The amount that the city may impose depends on whether the city is a charter city or a general law city (Palo Alto is a charter city). In Palo Alto, property owners pay a total of $4.40 ($1.10 county rate plus $3.30 city rate) on each $1,000 of property value transferred. In comparison to other Santa Clara County cities, Palo Alto’s rate is consistent with San Jose and Mountain View, but higher than Sunnyvale and Santa Clara which are at $0.55 per $1,000 even though they are charter cities. City of Palo Alto Page 5 Projected Uncertainties and Risk As discussed at the Finance Committee meeting on March 20 and in the associated staff report (CMR 9039), it may be possible that sufficient funding sources will be available over the Proposed 2019-2023 Capital Improvement Program (CIP) to address the Council Infrastructure Plan funding gap and $20 million contingency. However, there are risks and uncertainties associated with this strategy:  Currently Measure B and SB1 are both facing challenges through litigation and a referendum. The outcome of these proceedings remains uncertain.  Additional TOT revenues are contingent on the development and construction of new hotels and timely opening of permitted facilities.  The funding model assumes continued economic growth through the projected five - year period; no recession or contraction in the economy is presumed or modeled.  The model would exhaust all funding options and delay the City’s ability to invest in any projects outside of the 2014 Council Infrastructure Plan projects , including the community asset projects previously identified.  Many of the 2014 Council Infrastructure Plan projects remain in the design phase. Project cost estimates are still in flux, and there is a potential that a $20 million contingency will be insufficient to address further increases. As a result, this approach could reduce the flexibility of the City t o respond to unforeseen, urgent capital needs over the next five years. In addition, execution of the five-year CIP assumes current projects remain within budgeted levels and that there are no new capital requests beyond those projects. Looking forward, the City is facing numerous pressures. These include the 2014 Council approved Infrastructure Plan, FY 2019 General Fund operating budget forecasted gap of $2.6 million, growing obligations to fund employee pension benefits, current labor negotiations for some of the City’s largest employee units, and needed additional capital investment such as rail/grade separation. Palo Alto serves a diverse community with a broad range of unique services adding to the complexity of managing resources and expectations in both the near and longer term. A containment strategy is necessary to maintain a manageable financial position and to address these future financial challenges as well as any unforeseen changes such as program needs or the inevitable economic downturn. The City is faced with prioritizing the growing needs of the City with the long-term stability of these needs. City of Palo Alto Page 6 Ballot Measure – Timeline Should the Committee provide direction to conduct a refined survey and potentially pursue a November 2018 ballot measure, Table 3 outlines the schedule necessary to accomplish that. The schedule allows for Finance Committee to bring a potential recommendation for a November 2018 ballot measure to Council before the Council summer break, so that the remaining steps can occur in time to meet the relevant election deadlines. This is a very constrained schedule that will require late packet reports and assumes that decisions needed from Finance Committee and Council will be made at the indicated meetings. Table 3: Estimated schedule for consideration and preparation of ballot measure Activity Estimated Schedule Finance Committee approval of initial survey objectives - COMPLETE March 20 FM3 conducts initial survey and compiles results - COMPLETE March 23 – April 2 Finance Committee review of survey results and recommendation on refinement survey objectives (late packet distribution) April 17 Council approval of refinement survey objectives (late packet distribution) April 30 FM3 conducts refinement survey and compiles results May 7 – May 14 Finance Committee review of survey results and recommendation on placing measure on ballot (late packet distribution) May 30 Council takes policy action to place measure on the ballot (late packet distribution) June 11 Council adopts resolution of necessity June 11 Council adopts resolution calling election June 11 Deadline to submit election measure to County August 10 Election Day November 6 Timeline Following completion of the refinement of the initial public opinion survey, staff would to Council to review the survey results on April 30. Resource Impact The recommended actions in this report do not have a resource impact as costs associated with polling will be funded from FY 2018 budgets. However, the result of this process will assist in informing the both the FY 2019 budget development and proposed funding for various infrastructure investments. Attachments:  Attachment A: Initial Survey Results  Attachment B: Tax Rate Comparisons 220-5016 Key Findings of a Survey of Palo Alto Voters Conducted March 23-April 2, 2018 Palo Alto Voter Views on Infrastructure Funding Attachment A 1 Methodology •1,191 interviews with likely November 2018 voters in Palo Alto •Conducted March 23 to April 2, 2018, online and via landline and cell phones •Margin of sampling error of ±4.0% at the 95% confidence interval •Due to rounding, some percentages do not add up to 100% •Selected comparisons to 2016, 2014, 2013 and 2008 surveys 2 Key Findings •Voters are now divided on the City’s direction compared with 2016 – a trend common in recent months for Bay Area cities facing increasing challenges like housing costs and traffic congestion. •Majorities approve of the City’s management of infrastructure, and more approve than disapprove of its handling of budget and tax dollars. •In principle, voters support a measure to fund improvements to City infrastructure – and a solid majority is willing to pay up to $100 per household per year for such projects. •Ensuring a modern emergency response system, and repairing streets and roads, are the highest-priority projects. •Among mechanisms tested in concept, a TOT or real estate transfer tax have the most initial appeal. •Note that this poll was not designed to gauge the ultimate feasibility of a fully- developed ballot measure concept; should the City choose to move forward, future research will need to test draft ballot language and pro and con arguments. 3 Issue Context 4 Q1. Right Direction 61% Wrong Track 25% DK/NA 14% Right Direction 43% Wrong Track 37% DK/NA 20% 2018 2016 Would you say that things in the Palo Alto are generally headed in the right direction, or do you feel that things are pretty seriously off on the wrong track? Voters are now split on the city’s direction, reflecting a regional trend. 5 10% 18% 15% 16% 50% 56% 53% 56% 27% 19% 23% 22% 10% 5% 6% 2018 2016 2013 2008 Excellent Good Only Fair Exc./ Good Fair/ Poor 60% 37% 74% 24% 68% 29% 72% 26% Three in five say the City does an “excellent” or “good” job providing services. Q2. How would you rate the overall job being done by Palo Alto city government in providing services to the City’s residents? Would you say the City is doing an …? 6 21% 10% 9% 43% 37% 38% 5% 23% 16% 17% 16% 21% 13% 14% 16% Maintaining the City's infrastructure Managing the City's budget and finances Efficiently utilizing local tax dollars Strng. App.Smwt. App.DK/NA Smwt. Disapp.Strng. Disapp. Q3. Total Approve Total Disapprove 64% 31% 47% 30% 47% 36% Nearly two-thirds approve of maintenance of City infrastructure; they are more divided on budget and tax management. I am going to read you a list of specific aspects of the City of Palo Alto’s work in managing city government. Please tell me whether you generally approve or disapprove of the job the City is doing in that area. 7 Q3. I am going to read you a list of specific aspects of the City of Palo Alto’s work in managing city government. Please tell me whether you generally approve or disapprove of the job the City is doing in that area. Appraisals of the City’s work managing infrastructure and its budget have declined – as they have in many cities - but remain net positive. City Palo Alto City Government 2013 2016 2018 Maintaining the City's infrastructure 75% 75% 64% Managing the City's budget and finances 62% 64% 47% Efficiently utilizing local tax dollars 63% 67% 47% (Total Approve) 8 11% 35% 19% 25% 11% Q5. Split Sample 10% 36% 22% 23% 9% Great/ Some Need 46% Little/No Real Need 45% Great need Some need Little need No real need Don’t know Great/ Some Need 45% Little/No Real Need 43% Just under half see at least “some need” for funding for infrastructure. More specifically, how would you rate the City of Palo Alto’s need for additional funding to maintain and improve infrastructure: is there a great need for additional funding, some need, a little need or no real need for additional funding? 2018 2013 9 10% 31% 25% 25% 8% Q6. Split Sample 11% 43% 19% 22% 5% Great/ Some Need 54% Little/No Real Need 41% Great need Some need Little need No real need Don’t know Great/ Some Need 42% Little/No Real Need 50% About two in five see at least “some need” for more specific infrastructure improvements. More specifically, how would you rate the City of Palo Alto’s need for additional funding to maintain and improve public parks, streets, sidewalks and vital facilities like police and fire stations: is there a great need for additional funding, some need, a little need or no real need for additional funding? 2018 2013 10 Voter Priorities for Infrastructure Funding 11 “Now I would like to ask you a few questions about potential local funding measures. The City has identified between $75 million and $150 million in needed improvements to City’s streets, sidewalks, parks, public facilities and other basic infrastructure.” 11 Q7. 12 35% 22% 24% 26% 25% 15% 23% 22% 16% 40% 44% 39% 35% 36% 43% 31% 31% 35% 18% 29% 30% 27% 29% 37% 27% 32% 33% 6% 5% 7% 12% 10% 5% 19% 14% 16% ^Ensuring a modern and stable 911 emergency communications network Maintaining City streets and roads Fixing potholes and paving city streets ^Providing safe routes for bicyclists and pedestrians Maintaining City parks and recreation facilities ^Improving safety at Caltrain crossings ^Improving city streets to make busy intersections safer Providing adequate parking Ext. Impt.Very Impt.Smwt. Impt.Not Too Impt./DK/NA Q7. I’m going to read you some of the objectives of the infrastructure projects identified through this process. Please tell me how important each objective is to you as a resident of Palo Alto: extremely important, very important, somewhat important, or not important. ^Not Part of Split Sample Ext./Very Impt. 75% 66% 63% 61% 61% 58% 54% 53% 51% Ensuring a modern emergency communications network is important to three-quarters. ^Ensuring vital City facilities like police stations and the emergency command center are earthquake safe 13 17% 20% 14% 15% 10% 9% 32% 25% 29% 29% 29% 21% 14% 8% 8% 35% 31% 34% 32% 41% 38% 46% 32% 29% 16% 24% 22% 24% 21% 32% 37% 59% 61% ^Making sidewalks, City buildings and parks accessible for people with disabilities Funding transportation incentives that improve traffic by reducing solo driver trips Providing downtown parking ^Providing a safe crossing over Highway 101 for pedestrians and cyclists Improving parks, playgrounds and playfields for youth and adult recreation ^Providing a modern animal shelter ^Upgrading the Palo Alto Junior Museum and Zoo ^Upgrading Byxbee Park Restoring the historic Roth building Ext. Impt.Very Impt.Smwt. Impt.Not Too Impt./DK/NA Q7. I’m going to read you some of the objectives of the infrastructure projects identified through this process. Please tell me how important each objective is to you as a resident of Palo Alto: extremely important, very important, somewhat important, or not important. ^Not Part of Split Sample Ext./Very Impt. 49% 44% 44% 43% 39% 30% 17% 10% 10% Fewer are concerned with upgrading the museum, zoo, Byxbee Park, or Roth building. 14 Support for an Infrastructure Funding Measure 15 19% 39% 17% 18% 6% Strongly support Somewhat support Somewhat oppose Strongly oppose Don't know Many of these projects and improvements are beyond the scope of the City’s existing budget and may require additional funding through a local voter- approved bond or tax measure. Based on what you’ve heard, do you think you would support or oppose a bond or tax measure to fund some group of these projects to maintain and improve Palo Alto’s infrastructure? Total Support 59% Total Oppose 35% Q8. In principle, nearly three in five support a bond or tax measure for infrastructure upgrades. 16 Younger voters are slightly more supportive than those over age 50. Q8. Many of these projects and improvements are beyond the scope of the City’s existing budget and may require additional fun ding through a local voter-approved bond or tax measure. Based on what you’ve heard, do you think you would support or oppose a bond or tax measure to fund some group of th ese projects to maintain and improve Palo Alto’s infrastructure? 64% 56% 62% 59% 30% 39% 33% 33% Men Ages 18-49 Men Ages 50+ Women Ages 18-49 Women Ages 50+ Total Support Total Oppose % of Sample 15% 33% 15% 36% By Gender by Age 17 While nearly seven in ten Democrats support the idea, independents are split. Q8. Many of these projects and improvements are beyond the scope of the City’s existing budget and may require additional fun ding through a local voter-approved bond or tax measure. Based on what you’ve heard, do you think you would support or oppose a bond or tax measure to fund some group of th ese projects to maintain and improve Palo Alto’s infrastructure? 68% 49% 38% 61% 64% 51% 25% 43% 57% 35% 29% 44% Democrats Independents Republicans Asians/Pacific Islanders White Voters Voters of Color Total Support Total Oppose % of Sample 58% 27% 15% 14% 62% 30% By Party & Ethnicity 18 Renters are stronger backers than owners, though majorities of both support it. Q8. Many of these projects and improvements are beyond the scope of the City’s existing budget and may require additional fun ding through a local voter-approved bond or tax measure. Based on what you’ve heard, do you think you would support or oppose a bond or tax measure to fund some group of th ese projects to maintain and improve Palo Alto’s infrastructure? 63% 64% 56% 64% 56% 66% 29% 32% 38% 30% 38% 28% <$100,000 $100,000-$150,000 $150,000-$250,000 $250,000+ Homeowners Renters Total Support Total Oppose % of Sample 18% 12% 19% 28% 72% 23% By Income & Residence 19 51% 36% 23% 19% 20% 24% 18% 18% 5% 5% 5% 8% 11% 16% 14% 16% 24% 37% 43% $50 per year $100 per year $200 per year $250 per year Very Will.Smwt. Will.DK/NA Smwt. Unwill.Very Unwill. Q9. Total Willing Total Unwilling 71% 25% 61% 35% 41% 53% 38% 57% Three in five voters are willing to pay up to $100 annually for these improvements. Regardless of how the measure was structured, would your household be willing to pay ______ in additional taxes if it were dedicated to the types of Palo Alto infrastructure repairs and improvements we have been discussing? 20 Examining Potential Funding Mechanisms 21 27% 25% 13% 8% 34% 27% 27% 20% 5% 7% 5% 17% 16% 17% 23% 17% 25% 38% 47% Increasing the transient occupancy tax, charged to hotel and motel guests Increasing the real estate transfer tax rate, paid when a property is bought or sold Establishing a flat tax on every parcel of property in Palo Alto Increasing the sales tax Strng. Supp.Smwt. Supp.DK/NA Smwt. Opp.Strng. Opp. Q10. I am going to read you a list of several methods that might be used to raise money to fund the types of infrastructure r epairs and improvements we have been discussing. Please tell me if you would support or oppose that particular way of raising new revenue for these purposes. Would you suppo rt or oppose_____? Total Supp. Total Opp. 61% 34% 53% 40% 40% 55% 27% 70% Three in five back a higher TOT, and a majority favors an RETT. 22 Q11. Voters then heard a pro/con exchange on a potential sales tax increase in isolation. Let me ask you about the idea of increasing the sales tax. Supporters say increasing the sales tax ensures that people who make purchases in the city, including visitors, pay a small share of the cost of maintaining city infrastructure without raising taxes on homeowners once again. Opponents say sales taxes increase the price of nearly everything we buy, which hurts the poor more than it does the rich. Our sales tax rates is already 9 percent. Having heard this, would you support or oppose increasing the sales tax as a way of raising money to repair and upgrade City infrastructure? 23 9% 17% 21% 51% 2% Q10a. I am going to read you a list of several methods that might be used to raise money to fund the types of infrastructure repairs and improvements we have been discussing. Please tell me if you would support or oppose that particular way of raising new revenue for these purposes. Would you suppo rt or oppose increasing the sales tax? Q11. Having heard this, would you support or oppose increasing the sales tax as a way of raising money to repair and upgrade City infrastructure? 8% 20% 23% 47% 2% Total Support 27% Total Oppose 70% Strongly support Somewhat support Somewhat oppose Strongly oppose Don’t know/NA Total Support 26% Total Oppose 72% This did not shift opinions – more than seven in ten still oppose a sales tax increase. After Pro/Con Initial Opinion 24 Q12. They also heard an exchange of messaging on a transient occupancy tax increase. Let me ask you about the idea of increasing the transient occupancy tax, charged to hotel and motel guests. Supporters say increasing the transient occupancy tax ensures that visitors to our city pay their fair share for our infrastructure while keeping costs lower for residents. Opponents say higher transient occupancy taxes will cause tourists to stay in cities outside Palo Alto, driving business out of the City, and especially hurt parents and students who visit campus. Having heard this, would you support or oppose increasing the transient occupancy tax charged to hotel and motel guests as a way of raising money to repair and upgrade City infrastructure? 25 25% 33% 19% 19% 4% Q10b. I am going to read you a list of several methods that might be used to raise money to fund the types of infrastructure repairs and improvements we have been discussing. Please tell me if you would support or oppose that particular way of raising new revenue for these purposes. Would you suppo rt or oppose Increasing the transient occupancy tax, charged to hotel and motel guests? Q12. Having heard this, would you support or oppose increasing the transient occupancy tax charged to hotel and motel guests as a way of raising money to repair and upgrade City infrastructure? 27% 34% 17% 17% 5% Total Support 61% Total Oppose 34% Strongly support Somewhat support Somewhat oppose Strongly oppose Don’t know/NA Total Support 58% Total Oppose 38% A solid majority continued to support a TOT increase after messaging. After Pro/Con Initial Opinion 26 Q13. Supporter and opponent rationales for a real estate transfer tax were also read. Let me ask you about the idea of raising the real estate transfer tax rate, paid when a property is bought or sold. Supporters say the it makes sense for people who buy a home in Palo Alto to contribute to the City’s infrastructure with a one-time investment when they buy the house. Opponents say the cost of housing is already outrageous, and we shouldn’t make it even more costly to buy a home in our community. Having heard this, would you support or oppose raising the real estate transfer tax rate as a way of raising money to repair and upgrade City infrastructure? 27 21% 26% 17% 32% 4% Q10c. I am going to read you a list of several methods that might be used to raise money to fund the types of infrastructure repairs and improvements we have been discussing. Please tell me if you would support or oppose that particular way of raising new revenue for these purposes. Would you suppo rt or oppose increasing the real estate transfer tax rate, paid when a property is bought or sold? Q13. Having heard this, would you support or oppose raising the real estate transfer tax rate as a way of raising money to re pair and upgrade City infrastructure? 25% 27% 16% 25% 7% Total Support 53% Total Oppose 40% Strongly support Somewhat support Somewhat oppose Strongly oppose Don’t know/NA Total Support 47% Total Oppose 49% After messaging on the RETT as a funding mechanism, voters were evenly divided. After Pro/Con Initial Opinion 28 Q14. Voters heard reasons to vote “yes” and “no” on a flat parcel tax. Let me ask you about the idea of establishing a flat parcel tax on each piece of property. Supporters say that it is the simplest way to ensure that property owners all pay a fair share in improving the City’s infrastructure. Opponents say that this method is unfair because owners of smaller homes will be forced to pay the exact same price as owners of larger and more valuable properties. Having heard this, would you support or oppose establishing a flat parcel tax as a way of raising money to repair and upgrade City infrastructure? 29 12% 22% 22% 41% 4% Q10d. I am going to read you a list of several methods that might be used to raise money to fund the types of infrastructure repairs and improvements we have been discussing. Please tell me if you would support or oppose that particular way of raising new revenue for these purposes. Would you suppo rt or oppose Establishing a flat tax on every parcel of property in Palo Alto? Q14. Having heard this, would you support or oppose establishing a flat parcel tax as a way of raising money to repair and up grade City infrastructure? 13% 27% 17% 38% 5% Total Support 40% Total Oppose 55% Strongly support Somewhat support Somewhat oppose Strongly oppose Don’t know/NA Total Support 34% Total Oppose 62% This increased opposition to more than three in five. After Pro/Con Initial Opinion 30 Conclusions 31 Conclusions •This limited test of mechanisms alone indicates that a transient occupancy tax or real-estate transfer tax present potential avenues for voter-approved revenue. –Both a TOT and RETT (without the rate of increase) begin with majority support, and retain it after a very brief exchange of messaging. –Voters in general support up to $100 per year in new taxes for infrastructure improvements and repairs. •Maintaining the emergency communications network, repairing streets and roads, and pedestrian and cyclist safety are top priorities. •Voters are increasingly pessimistic about the direction of the City, and offer middling approval ratings on the City’s work managing tax revenues and the budget. •At the same time, fewer than a majority see a need for new funding for the City generally or for infrastructure specifically. •Further research should test a 75-word ballot label, which includes the rate of increase and projects funded, as well as a fuller suite of messaging, to determine viability in a November election. For more information, contact: 1999 Harrison St., Suite 2020 Oakland, CA 94612 Phone (510) 451-9521 Fax (510) 451-0384 Dave@FM3research.com Miranda@FM3research.com  Revised Apil 15, 2017  Count 483 Mean 9.80% Standard Deviation 1.85% Median 10.00% Minimum 3.50% Maximum 15.00% City County Rate Anaheim Orange 15.0% Garden Grove Orange 14.5% Beverly Hills Los Angeles 14.0% Culver City Los Angeles 14.0% Healdsburg Sonoma 14.0% Inglewood Los Angeles 14.0% Los Angeles Los Angeles 14.0% Oakland Alameda 14.0% Palo Alto Santa Clara 14.0% San Francisco San Francisco 14.0% San Leandro Alameda 14.0% Santa Monica Los Angeles 14.0% Palm Springs Riverside 13.5% Blythe Riverside 13.0% Del Mar San Diego 13.0% Indio Riverside 13.0% Mammoth Lakes Mono 13.0% Burlingame San Mateo 12.0% Campbell Santa Clara 12.0% Cupertino Santa Clara 12.0% East Palo Alto San Mateo 12.0% Los Gatos Santa Clara 12.0% Menlo Park San Mateo 12.0% Pacifica San Mateo 12.0% Redwood City San Mateo 12.0% San Bruno San Mateo 12.0% San Mateo San Mateo 12.0% Sunnyvale Santa Clara 10.5% Mountain View Santa Clara 10.0% Transient Occupancy Tax Rates  California Cities and Counties SOURCE: CaliforniaCityFinance.com SOURCE: CaliforniaCityFinance.com  California City Documentary and Property Transfer Tax Rates CONTRA COSTA COUNTY $ 1.10 $ 1.10 RICHMOND Chartered $ 7.00 $ 1.10 $ 8.10 SAN MATEO COUNTY $ 1.10 $ 1.10 SAN MATEO Chartered 0.5% of value $ 1.10 $ 6.10 SANTA CLARA COUNTY $ 1.10 $ 1.10 CUPERTINO General Law $ 0.55 $ 0.55 $1.10 GILROY Chartered $ 0.55 $ 0.55 $ 1.10 LOS ALTOS General Law $ 0.55 $ 0.55 $1.10 LOS ALTOS HILLS General Law $ 0.55 $ 0.55 $1.10 MOUNTAIN VIEW Chartered $ 3.30 $ 1.10 $ 4.40 PALO ALTO Chartered $ 3.30 $ 1.10 $ 4.40 SAN JOSE Chartered $ 3.30 $ 1.10 $ 4.40 SANTA CLARA Chartered $ 0.55 $ 0.55 $ 1.10 SUNNYVALE Chartered $ 0.55 $ 0.55 $ 1.10 Governance General Law or Chartered Per $1000 Property Value City Rate Per $1000 Property County Rate Per $1000 Property Value Total ALAMEDA COUNTY ALAMEDA $ 1.10 $ 1.10OUNTY ALAMEDA Chartered $ 12.00 $ 1.10 $ 13.10 ALBANY Chartered $ 11.50 $ 1.10 $ 12.60 BERKELEY Chartered $ 15.00 $ 1.10 $ 16.10 EMERYVILLE Chartered $ 12.00 $ 1.10 $ 13.10 HAYWARD Chartered $ 4.50 $ 1.10 $ 5.60 OAKLAND Chartered $ 15.00 $ 1.10 $ 16.10 PIEDMONT Chartered $ 13.00 $ 1.10 $ 14.10 SAN LEANDRO Chartered $ 6.00 $ 1.10 $ 7.10