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HomeMy WebLinkAboutStaff Report 13796 City of Palo Alto (ID # 13796) City Council Staff Report Meeting Date: 2/7/2022 Report Type: Information Reports City of Palo Alto Page 1 Title: Sales Tax Digest Summary Calendar 2021 Q3 From: City Manager Lead Department: Administrative Services DISCUSSION This report transmits information regarding the City of Palo Alto’s sales tax receipts for the third quarter (July to September) of 2021. There are two attachments to this report that provide further level of information: • City of Palo Alto Sales Tax Digest Summary (Attachment A) • Policy and Capitol Update - December 2021 (Attachment B) The City’s sales tax cash receipts of $6.8 million for the third quarter (July to September 2021) is $251 thousand (3.8 percent) higher than the same quarter of the prior year (see Attachment A, Table 5). In contrast, the third quarter of 2020 compared to the same quarter of 2019 declined by $2 million (23.8 percent). It is important to recognize that the state of California offered small businesses a 90-day extension to pay their first quarter of 2020 taxes due to the economic impact of the pandemic. This resulted in some businesses paying their first quarter economic payments in the third quarter of 2020. After adjustments made for the non-period related payments, the overall economic quarter over quarter sales tax activity (Q3 2020 to Q3 2021) increased by 17.6 percent. It should be noted that Q3 2020 saw significant impacts from COVID- 19 due to it being the first full quarter after the pandemic began. For the year ending in the third quarter of 2021, cash receipts (including county pools) for the City increased by 1.9 percent from the prior year. In comparison, statewide increased by 17.6 percent, Northern California increased by 16.7 percent, and Southern California by 18.4 percent. After adjustments for non-period related payments, the overall economic sales tax activity (local business excluding pools) in Palo Alto for the year increased by 4.0 percent, while it increased 9.5 percent for the state, increased 7.7 percent in Northern California and increased 10.8 percent in Southern California. . City of Palo Alto Page 2 The third quarter includes $1.3 million of sales tax receipts from the county pool. The City’s share of the county pool for this quarter is 5 percent, down from 5.3 percent in the third quarter of 2020. County pools are primarily from online purchases from out of state companies, remote sellers who ship merchandise to California/County destinations, and private vehicle sales that are not directly allocated to a jurisdiction. County pools are allocated to local jurisdictions based on each jurisdiction’s’ share of total sales taxes. Attachments: • Attachment A - City of Palo Alto Sales Tax Digest Summary • Attachment B - Policy and Capitol Update - December 2021 City of Palo Alto Sales Tax Digest Summary Collections through December 2021 Sales July through September 2021 (2021Q3) www.avenuinsights.com (800) 800-8181 Page 1 California Overview   For the year ending in third quarter of 2021, cash receipts increased 17.6% statewide, 16.7% in Northern  California and 18.4% in Southern California. However, when adjusted for non‐period related payments,  the overall economic sales tax activity for the year ending in third quarter of 2021 increased by 9.5%  statewide, 10.8% in Southern California, and up 7.7% in Northern California.     City of Palo Alto   For the year ending in the third quarter of 2021, sales tax cash receipts for the city increased by 1.9% from  the prior year. However, when adjusted for non‐period related payments, the overall economic sales tax  activity in Palo Alto for the year ending in third quarter of 2021 increased by 4.0%.     On a quarterly basis, sales tax cash receipts increased by 3.8% from Quarter 3 of 2020 to Quarter 3 of  2021. However, this increase includes late payment anomalies related to a state sales tax extension  program (see note below). The period’s cash receipts include tax from business activity during the period,  payments for prior periods and other cash adjustments. When adjusted for non‐period related payments,  the overall economic quarter over quarter sales tax activity (Q3 2020 to Q3 2021) in Palo Alto increased  by 17.6%.    Note: It is important to recognize that the state offered small businesses a 90‐day extension to pay their  first quarter of 2020 taxes (to alleviate some of the short‐term economic difficulties of the pandemic), and  some businesses had partial or no payments for the first quarter of 2020. As a result of this extension  program, some payments for first quarter economic activity were paid in the third quarter of 2020. While  Palo Alto experienced a 26.6% cash decrease for the first quarter of 2020 (from Q1 2019), this includes  late payment decreases related to the state 90‐day extension program, actual first quarter of 2020  economic activity did not decline to this extent.     Regional Overview  The first chart on page two shows adjusted economic benchmark year amounts, which means that it  shows a full calendar year from the third quarter of 2020 through third quarter of 2021 compared to third  quarter of 2019 through third quarter of 2020 (benchmark years are rolling annual comparisons through  the current quarter). The decrease is different between the state and Palo Alto because the sales tax from  businesses in Palo Alto were more impacted than those statewide.             Attachment A City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 2 % of Total / % Change Palo Alto California  Statewide S.F. Bay Area Sacramento  Valley Central Valley South Coast Inland Empire North Coast Central Coast General Retail 28.5 / 10.4 28.6 / 15.4 26.6 / 7.0 28.1 / 32.7 38.8 / 33.6 27.0 / 14.0 31.5 / 9.0 30.4 / 12.0 30.0 / 6.3 Food Products 13.7 / ‐5.4 18.8 / 7.6 18.2 / ‐5.5 15.2 / 7.7 13.5 / ‐1.3 20.8 / 6.1 17.7 / 12.8 16.1 / ‐29.4 31.0 / ‐4.1 Transportation 23.9 / 30.5 23.9 / 13.8 21.6 / 8.3 28.0 / 18.0 21.0 / 1.0 24.6 / 17.1 13.6 / 11.2 27.6 / 8.5 22.7 / 11.4 Business to Business 30.1 / ‐15.2 16.8 / 4.2 21.3 / 3.6 14.1 / 6.6 15.1 / 1.8 16.7 / 4.9 26.0 / 19.3 9.4 / 8.0 7.5 / ‐19.4 Misc/Other 27.8 / 35.6 11.8 / 7.1 12.3 / 2.8 14.7 / 16.7 11.6 / 3.1 10.8 / 7.8 14.2 / 10.9 16.5 / 7.7 8.8 / 4.9 Total 100.0 / 4.0 100.0 / 9.5 100.0 / 3.5 100.0 / 18.0 100.0 / 11.6 100.0 / 10.7 100.0 / 11.8 100.0 / 0.5 100.0 / 1.4 Palo Alto California  Statewide S.F. Bay Area Sacramento  Valley Central Valley South Coast Inland Empire North Coast Central Coast Largest Segment Auto Sales ‐  New Restaurants Auto Sales ‐  New Auto Sales ‐  New Miscellaneous  Retail Restaurants Auto Sales ‐  New Auto Sales ‐  New Restaurants % of Total / % Change 20.3 / 34.9 12.5 / 2.4 11.9 / 13.6 12.4 / 22.9 13.2 / 150.0 14.2 / 5.9 13.0 / 17.9 11.9 / 17.8 21.1 / ‐4.9 2nd Largest Segment Leasing Auto Sales ‐  New Restaurants Restaurants Department  Stores Auto Sales ‐  New Miscellaneous  Retail Department  Stores Auto Sales ‐  New % of Total / % Change 19.6 / 33.3 12.2 / 20.4 11.8 / ‐6.3 9.8 / 9.7 10.9 / ‐0.4 13.1 / 27.1 12.4 / 65.1 11.9 / 8.9 12.9 / 14.9 3rd Largest Segment Restaurants Miscellaneous  Retail Miscellaneous  Retail Miscellaneous  Retail Restaurants Department  Stores Restaurants Bldg.Matls‐ Retail Miscellaneous  Retail % of Total / % Change 11.8 / ‐4.8 8.9 / 32.9 9.8 / 8.7 9.5 / 106.5 8.7 / 0.6 8.4 / 7.1 10.9 / 7.1 10.0 / 10.0 9.1 / 6.5 ECONOMIC CATEGORY ANALYSIS FOR YEAR ENDED 3rd Quarter 2021 ECONOMIC SEGMENT ANALYSIS  FOR YEAR ENDED 3rd Quarter 2021 Regional Overview Chart (Economic)                                      Gross Historical Sales Tax Cash Receipts by Benchmark Year and Quarter (Before Adjustments)             $‐ $5,000,000  $10,000,000  $15,000,000  $20,000,000  $25,000,000  $30,000,000  $35,000,000  Quarterly Benchmark Year Table 1 Table 2 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 3 Auto Sales ‐New 20.3% Restaurants 11.8% Leasing 19.7% Office Equipment 5.5%Furniture/Appliance 4.8% Department Stores 5.7% All Other 32.1% Net Pools & Adjustments 22.5% Anderson Honda HP Enterprise Services Shell Service Stations Apple Stores Louis Vuitton Shreve & Co. Arco AM/PM Mini Marts Lucile Packard Children's Hospital Stanford Outpatient Clinic Pharmacy Atila Biosystems Incorporated Macy's Department Store Tesla Audi Palo Alto Magnussen's Toyota of Palo Alto Tesla Lease Trust Bloomingdale's Neiman Marcus Tiffany & Company Crate & Barrel Nordstrom Department Store Varian Medical Systems Hengehold Trucks Richemont Volvo Cars Palo Alto Hermes Net Cash Receipts for Benchmark Year third Quarter 2021:  $28,375,417    *Benchmark year (BMY) is the sum of the current and 3 previous quarters (2021Q3 BMY is sum of 2021 Q3, 2021 Q2, 2021 Q1, 2020 Q4)                                            TOP 25 SALES/USE TAX CONTRIBUTORS    The following list identifies Palo Alto’s Top 25 Sales/Use Tax contributors. The list is in alphabetical order  and represents the year ended third quarter of 2021. The Top 25 Sales/Use Tax contributors generate  62.3% of Palo Alto’s total sales and use tax revenue.      Table 3 Ta b l e Ty p e t e x t h e r e City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 4  $‐  $500,000  $1,000,000  $1,500,000  $2,000,000  $2,500,000  $3,000,000  $3,500,000  $4,000,000  $4,500,000  $5,000,000 Benchmark Year 2021Q3 Benchmark Year 2020Q3         Sales Tax from Largest Non‐Confidential Sales Tax Segments (Economic)                                Table 4 Ta b City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 5 Economic Category  % 2021Q3 2021Q2 2021Q1 2020Q4 2020Q3 2020Q2 2020Q1 2019Q4 2019Q3 2019Q2 2019Q1 Business To Business 26.0% 1,762,093 1,652,745 1,765,043 2,060,217 2,022,479 1,851,601 2,000,210 2,375,333 1,942,593 1,958,591 2,244,140 Miscellaneous/Other 25.1% 1,702,838 1,620,383 1,467,407 1,679,573 1,322,172 997,005 1,227,541 1,693,416 1,516,049 1,784,443 1,464,642 General Retail 26.5% 1,798,257 1,803,297 1,262,756 1,746,602 1,300,645 660,300 1,450,820 2,579,412 2,416,101 1,993,425 1,887,330 Food Products 14.3% 970,873 897,222 619,501 668,640 650,152 439,540 990,266 1,256,287 1,205,242 1,268,595 1,176,607 Subtotal Economic (Local Business) 92.0% 6,234,061 5,973,646 5,114,708 6,155,031 5,295,448 3,948,447 5,668,837 7,904,447 7,079,986 7,005,054 6,772,720 Net Pools & Adjustments 8.0% 539,929 1,496,795 1,675,094 1,186,152 1,227,876 1,877,921 ‐2,287 1,937,461 1,477,413 1,741,608 942,435 Total Cash Receipts 100.0% 6,773,990 7,470,441 6,789,802 7,341,183 6,523,324 5,826,368 5,666,550 9,841,908 8,557,399 8,746,661 7,715,155 Economic Segment  % 2021Q3 2021Q2 2021Q1 2020Q4 2020Q3 2020Q2 2020Q1 2019Q4 2019Q3 2019Q2 2019Q1 Miscellaneous/Other 56.7% 3,837,648 3,654,707 3,499,781 4,170,752 3,682,918 3,181,367 3,551,274 4,677,431 4,315,212 4,044,495 4,097,694 Restaurants 12.7% 857,066 785,086 527,203 552,176 545,728 342,533 867,027 1,105,719 1,073,522 1,123,322 1,041,119 Miscellaneous Retail 6.0% 407,467 456,685 327,729 479,041 326,777 108,953 280,493 499,697 384,397 392,196 333,960 Apparel Stores 5.9% 400,589 395,779 264,322 358,744 263,940 72,307 305,737 552,735 469,447 486,790 408,476 Department Stores 5.7% 388,703 384,763 237,473 315,453 186,316 29,842 245,948 552,822 431,717 453,675 356,943 Service Stations 2.7% 181,448 152,565 116,258 111,241 108,840 70,063 146,291 181,082 175,309 185,969 159,032 Food Markets 1.3% 87,521 89,669 71,321 89,396 81,580 77,803 102,026 118,952 104,192 113,363 106,194 Business Services 1.1% 73,620 54,393 70,621 78,228 99,348 65,579 170,042 216,011 126,190 205,245 269,302 Subtotal Economic (Local Business) 92.0% 6,234,061 5,973,646 5,114,708 6,155,031 5,295,448 3,948,447 5,668,837 7,904,447 7,079,986 7,005,054 6,772,720 Net Pools & Adjustments 8.0% 539,929 1,496,795 1,675,094 1,186,152 1,227,876 1,877,921 ‐2,287 1,937,461 1,477,413 1,741,608 942,435 Total Cash Receipts 100.0% 6,773,990 7,470,441 6,789,802 7,341,183 6,523,324 5,826,368 5,666,550 9,841,908 8,557,399 8,746,661 7,715,155   Historical Analysis by Calendar Quarter                                  The chart above shows the categories and segments in quarterly economic basis amounts. The total amount is the net cash receipts, and it was obtained by adding up the categories/segments with the “Net Pools & Adjustments” amount.             Table 5 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 6 Economic Category  % 2021Q3 2020Q3 2019Q3 2018Q3 2017Q3 2016Q3 2015Q3 2014Q3 2013Q3 2012Q3 Business To Business 24.7% 6,999,219 8,253,250 8,055,541 6,763,767 5,531,447 5,274,809 4,252,383 4,537,394 4,206,253 4,530,832 Miscellaneous/Other 22.5% 6,372,414 4,712,030 7,171,279 6,980,525 5,906,596 6,045,883 5,685,238 5,340,922 9,283,251 3,646,358 General Retail 23.3% 6,619,559 5,993,272 8,856,399 8,591,732 8,426,080 8,235,548 8,097,731 8,085,021 7,813,954 7,813,144 Food Products 11.2% 3,178,556 3,361,012 4,895,601 4,798,957 4,627,887 4,622,126 4,411,228 4,126,302 3,731,703 3,459,735 Subtotal Economic (Local Business) 81.7% 23,169,747 22,319,564 28,978,821 27,134,981 24,492,011 24,178,367 22,446,580 22,089,640 25,035,161 19,450,069 Net Pools & Adjustments 18.3% 5,205,669 5,538,585 5,948,180 4,835,355 5,055,052 4,110,642 4,201,030 3,612,493 3,626,104 2,339,062 Total 100.0% 28,375,417 27,858,150 34,927,001 31,970,337 29,547,063 28,289,009 26,647,610 25,702,133 28,661,265 21,789,131                        Economic Segment  % 2021Q3 2020Q3 2019Q3 2018Q3 2017Q3 2016Q3 2015Q3 2014Q3 2013Q3 2012Q3 Miscellaneous/Other 52.3% 14,838,334 14,569,551 17,209,047 15,271,633 12,784,979 12,449,507 11,022,846 11,018,397 14,405,546 9,179,741 Restaurants 9.7% 2,741,388 2,879,829 4,321,305 4,196,864 4,027,179 4,020,785 3,835,898 3,602,981 3,200,200 2,951,772 Miscellaneous Retail 5.9% 1,677,314 1,216,140 1,655,675 1,687,520 2,033,076 1,992,497 1,519,840 1,518,777 1,394,483 1,307,501 Apparel Stores 5.0% 1,421,321 1,194,935 1,964,304 1,930,814 1,721,788 1,630,972 1,656,560 1,663,440 1,617,661 1,610,052 Department Stores 4.7% 1,326,441 1,014,928 1,842,132 2,085,700 2,032,059 2,188,368 2,402,334 2,376,717 2,466,909 2,463,373 Service Stations 2.0% 561,512 506,276 693,647 671,528 601,794 554,825 668,928 784,615 760,477 749,389 Food Markets 1.2% 339,229 386,305 448,033 482,100 502,234 508,991 500,731 454,455 466,036 450,222 Business Services 0.9% 264,209 551,601 844,677 808,822 788,902 832,423 839,442 670,259 723,849 738,017 Subtotal Economic (Local Business) 81.7% 23,169,747 22,319,564 28,978,821 27,134,981 24,492,011 24,178,367 22,446,580 22,089,640 25,035,161 19,450,069 Net Pools & Adjustments 18.3% 5,205,669 5,538,585 5,948,180 4,835,355 5,055,052 4,110,642 4,201,030 3,612,493 3,626,104 2,339,062 Total 100.0% 28,375,417 27,858,150 34,927,001 31,970,337 29,547,063 28,289,009 26,647,610 25,702,133 28,661,265 21,789,131   Historical Analysis by Calendar BMY from 2012Q3 to 2021Q3                                    The chart above shows the categories and segments in benchmark year economic basis amounts. The total amount is the net cash receipts, and it was obtained by adding up the categories/segments with the “Net Pools & Adjustments” amount. Benchmark year (BMY) is the sum of the current and 3 previous quarters (2021Q3 BMY is sum of 2021 Q3, 2021 Q2, 2021 Q1, 2020 Q4).           Table 6 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 7  Ge n e r a l  Re t a i l Fo o d  Pr o d u c t s Tr a n s p o r t a t i o n Bu s i n e s s  to  Bu s i n e s s Mis c / O t h e r 20 2 1 / 3  To t a l 20 2 0 / 3  To t a l % Ch g La r g e s t  Ga i n Se c o n d  La r g e s t Ga i n La r g e s t  De c l i n e Se c o n d  La r g e s t De c l i n e Campbell 5.9% 41.9% 31.8%‐21.5% 3.4% 2,343,797          2,071,441       13.1% Restaurants Service Stations Office Equipment Florist/Nursery Cupertino 16.1% 51.4% 65.5%‐4.7% 1.8% 10,031,062        10,151,803     ‐1.2% I.T. Infrastructure Restaurants Office Equipment Heavy Industry Gilroy 21.6% 23.0% 62.7% 9.3%‐0.2% 4,197,465          3,309,845       26.8% Auto Sales ‐ New Service Stations Light Industry Bldg.Matls‐Retail Los Altos 37.2% 27.2% 49.6% 7.9% 13.1% 551,214             421,926          30.6% Restaurants Service Stations Business Services Bldg.Matls‐Retail Los Gatos 16.3% 17.2% 19.8% 27.9%‐17.0% 1,369,505          1,200,384       14.1% Restaurants Service Stations Food Processing Eqp Miscellaneous Other Milpitas 74.9% 64.0% 26.2%‐0.6%‐8.2% 5,242,698          4,311,523       21.6% Apparel Stores Restaurants Office Equipment Bldg.Matls‐Whsle Morgan Hill 7.8% 22.3% 26.4% 0.6% 14.8% 2,414,955          2,060,075       17.2% Service Stations Restaurants Light Industry Auto Parts/Repair Mountain View 5.7% 28.8% 50.6% 63.0%‐31.2% 4,188,404          3,303,760       26.8% Restaurants Business Services Bldg.Matls‐Whsle Miscellaneous Retail Palo Alto 38.1% 49.2% 38.6%‐12.9%‐29.8% 6,234,061          5,302,548       17.6% Leasing Auto Sales ‐ New Office Equipment Green Energy San Jose 3.3% 28.2% 31.2% 19.8% 5.0% 51,823,853        45,460,288     14.0% Restaurants Auto Sales ‐ New Miscellaneous Retail Auto Sales ‐ Used Santa Clara 47.4% 57.0% 14.7% 12.5% 31.2% 12,275,721        10,046,392     22.2% Office Equipment Restaurants Business Services Leasing County of Santa Clara 60.8% 93.4%‐10.7%‐6.3% 26.3% 1,190,957          868,291          37.2% Food Processing Eqp Miscellaneous Retail Misc. Vehicle Sales Business Services Saratoga 49.9% 40.7% 67.1% 83.2%‐43.4% 261,278             179,605          45.5% Restaurants Service Stations Furniture/Appliance Bldg.Matls‐Whsle Sunnyvale 27.8% 27.5% 27.5% 7.2% 20.4% 5,736,796          4,779,402       20.0% Light Industry Auto Sales ‐ New Office Equipment Business Services Quarterly Analysis by Sales Tax Category:  Change from 2020Q3 to 2021Q3 (Economic)  Unlike the chart on page one which showed a ‘benchmark year’ through third quarter of 2021, the chart above shows a comparison of one quarter only – third quarter of 2021 to third quarter of 2020. This chart is for local ‘brick and mortar’ businesses and it excludes county pools and adjustments. Table 7 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 8 California Avenue % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL FOOD PRODUCTS 70.3% 48,380 28,412 41.8%35.6% GENERAL RETAIL 8.8% 34,833 32,026 30.1%40.2% ALL OTHER 68.7% 32,519 19,279 28.1%24.2% TOTAL 45.2% 115,733 79,717 100.0% 100.0% El Camino Real and Midtown % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL FOOD PRODUCTS 44.8% 125,775 86,839 38.2%34.2% GENERAL RETAIL 11.5% 35,937 32,232 10.9%12.7% ALL OTHER 24.4% 167,486 134,602 50.9%53.1% TOTAL 29.8% 329,197 253,673 100.0% 100.0% Greater Downtown % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL FOOD PRODUCTS 64.9% 366,469 222,282 55.9%51.3% GENERAL RETAIL 42.9% 232,977 162,996 35.5%37.6% BUSINESS TO BUSINESS 44.2% 33,753 23,403 5.1%5.4% CONSTRUCTION ‐23.9% 11,823 15,535 1.8%3.6% MISCELLANEOUS 21.6% 7,126 5,862 1.1%1.4% TRANSPORTATION 27.3% 3,957 3,109 0.6%0.7% TOTAL 51.5% 656,105 433,188 100.0% 100.0% Stanford Shopping Center % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL GENERAL RETAIL 62.2% 1,049,142 646,676 72.1%68.3% FOOD PRODUCTS 40.6% 133,926 95,278 9.2%10.1% ALL OTHER 32.9% 272,815 205,215 18.7%21.7% TOTAL 53.7% 1,455,883 947,169 100.0% 100.0% City of Palo Alto Geo Areas & Citywide Chart Data:  Change from 2020Q3 to 2021Q3 (Economic)                                                                Table 8 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 9 Town And Country Shopping Center % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL GENERAL RETAIL 27.3% 54,803 43,038 37.6%42.6% ALL OTHER 57.0% 91,082 58,014 62.4%57.4% TOTAL 44.4% 145,885 101,052 100.0% 100.0% All Other Geos combined with Balance of Jurisdiction % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL BUSINESS TO BUSINESS ‐11.4% 1,611,066 1,819,100 29.5%39.4% GENERAL RETAIL 38.8% 1,604,631 1,155,676 29.4%25.1% TRANSPORTATION 40.1% 1,330,344 949,355 24.4%20.6% FOOD PRODUCTS 52.9% 805,274 526,836 14.8%11.4% MISCELLANEOUS 17.2% 54,951 46,885 1.0%1.0% CONSTRUCTION ‐58.7% 47,547 115,103 0.9%2.5% TOTAL 18.2% 5,453,814 4,612,954 100.0% 100.0% All Geo Area Totals Comparison 21Q3 & 20Q3 % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL Balance of Jurisdiction ‐1.7% 2,751,011 2,798,156 50.4%60.7% Stanford Shopping Center 53.7% 1,455,883 947,169 26.7%20.5% Greater Downtown 51.5% 656,105 433,188 12.0%9.4% El Camino Real and Midtown 29.8% 329,197 253,673 6.0%5.5% Town And Country Shopping Center 44.4% 145,885 101,052 2.7%2.2% California Avenue 45.2% 115,733 79,717 2.1%1.7% TOTAL 18.2% 5,453,814 4,612,954 100.0% 100.0% Palo Alto citywide QE 21Q3 & 20Q3 % CHANGE QoQ 2021Q3 QE 2020Q3 QE 21Q3 % OF TOTAL 20Q3 % OF TOTAL GENERAL RETAIL 38.1% 1,798,257 1,301,799 28.8%24.6% BUSINESS TO BUSINESS ‐12.9% 1,762,093 2,024,034 28.3%38.2% TRANSPORTATION 38.6% 1,558,372 1,124,734 25.0%21.2% FOOD PRODUCTS 49.2% 970,873 650,744 15.6%12.3% MISCELLANEOUS 16.0% 91,461 78,840 1.5%1.5% CONSTRUCTION ‐56.7% 53,005 122,397 0.9%2.3% TOTAL 17.6% 6,234,061 5,302,548 100.0% 100.0% City of Palo Alto Geo Areas & Citywide Chart Data:  Change from 2020Q3 to 2021Q3 (Economic) Cont.                                                                Table 9 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 10 FOOD PRODUCTS,                70.3% CHANGE, $48,380 ,         41.8% TOTAL GENERAL RETAIL, 8.8% CHANGE,  $34,833 , 30.1% TOTAL ALL OTHER,                 68.7% CHANGE, $32,519 ,     28.1% TOTAL California Avenue 2021Q3 SALES TAX AMOUNTS FOOD PRODUCTS, $28,412 ,  35.6% TOTAL GENERAL RETAIL,  $32,026 , 40.2% TOTAL ALL OTHER, $19,279 ,  24.2% TOTAL California Avenue 2020Q3 SALES TAX AMOUNTS FOOD PRODUCTS,              44.8% CHANGE, $125,775 ,     38.2% TOTAL GENERAL RETAIL,            11.5% CHANGE, $35,937 ,    10.9% TOTAL ALL OTHER,             24.4% CHANGE,         $167,486 ,              50.9% TOTAL El Camino Real and Midtown 2021Q3SALES TAX AMOUNTS FOOD PRODUCTS, $86,839 ,     34.2% TOTAL GENERAL RETAIL,  $32,232, 12.7% TOTAL ALL OTHER, $134,602,    53.1% TOTAL El Camino Real and Midtown 2020Q3SALES TAX AMOUNTS City of Palo Alto Geo Area Pie Charts                                                                Table 10 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 11 FOOD PRODUCTS,             64.9% CHANGE, $366,469 ,    55.9% TOTAL GENERAL RETAIL,         42.9% CHANGE,  $232,977 ,               35.5% TOTAL BUSINESS TO BUSINESS,      44.2% CHANGE, $33,753 ,  5.1% TOTAL CONSTRUCTION,                 ‐23.9% CHANGE, $11,823 ,     1.8% TOTAL MISCELLANEOUS, 21.6% CHANGE,  $7,126 , 1.1% TOTAL TRANSPORTATION,                  27.3% CHANGE, $3,957 ,             0.6% TOTAL Greater Downtown 2021Q3SALES TAX AMOUNTS FOOD PRODUCTS,  $222,282 , 51.3% TOTAL GENERAL RETAIL,  $162,996 , 37.6% TOTAL BUSINESS TO BUSINESS,  $23,403 , 5.4% TOTAL CONSTRUCTION, $15,535 ,  3.6% TOTAL MISCELLANEOUS,  $5,862 , 1.4% TOTAL TRANSPORTATION, $3,109 ,  0.7% TOTAL Greater Downtown 2020Q3SALES TAX AMOUNTS GENERAL RETAIL $646,676 , 68.3% TOTAL FOOD PRODUCTS, $95,278 ,  10.1% TOTAL ALL OTHER, $205,215 ,  21.7% TOTAL Stanford Shopping Center 2020Q3SALES TAX AMOUNTS GENERAL RETAIL, 62.2% CHANGE,  $1,049,142 , 72.1% TOTAL FOOD PRODUCTS,           40.6% CHANGE,   $133,926 , 9.2% TOTAL ALL OTHER, 32.9% CHANGE,  $272,815 , 18.7% TOTAL Stanford Shopping Center 2021Q3SALES TAX AMOUNTS City of Palo Alto Geo Areas Pie Charts                                                                Table 11 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 12 GENERAL RETAIL,                  27.3% CHANGE, $54,803 ,       37.6% TOTAL ALL OTHER,                57.0% CHANGE,     $91,082 , 62.4% TOTAL Town And Country Shopping Center 2021Q3SALES TAX AMOUNTS GENERAL RETAIL, $43,038 ,  42.6% TOTAL ALL OTHER, $58,014 ,  57.4% TOTAL Town And Country Shopping Center 2020Q3 SALES TAX AMOUNTS BUSINESS TO BUSINESS,   ‐11.4% CHANGE,  $1,611,066 ,            29.5% TOTAL GENERAL RETAIL,               38.8% CHANGE, $1,604,631,    29.4% TOTAL TRANSPORTATION,      40.1% CHANGE,  $1,330,344,            24.4% TOTAL FOOD PRODUCTS,               52.9% CHANGE, $805,274 ,   14.8% TOTAL MISCELLANEOUS,             17.2% CHANGE, $54,951 ,  1.0% TOTAL CONSTRUCTION, ‐58.7% CHANGE,  $47,547 , 0.9% TOTAL All Other Geos combined with Balance of Jurisdiction 2021Q3 SALES TAX AMOUNTS BUSINESS TO BUSINESS,  $1,819,100 ,             39.4% TOTAL GENERAL RETAIL, $1,155,676,  25.1% TOTAL TRANSPORTATION,  $949,355,               20.6% TOTAL FOOD PRODUCTS,   $526,836 , 11.4% TOTAL MISCELLANEOUS,  $46,885 , 1.0% TOTAL CONSTRUCTION,  $115,103 , 2.5% TOTAL All Other Geos combined with Balance of Jurisdiction 2020Q3 SALES TAX AMOUNTS City of Palo Alto Geo Area Pie Charts                                                                Table 12 City of Palo Alto www.avenuinsights.com (800) 800-8181 Page 13 Balance of Jurisdiction,    ‐1.7% CHANGE,  $2,751,011 ,            50.4% TOTAL Stanford Shopping Center,       53.7% CHANGE, $1,455,883 ,  26.7% TOTAL Greater Downtown,           51.5% CHANGE, $656,105 ,  12.0% TOTAL El Camino Real and Midtown,    29.8% CHANGE, $329,197 ,      6.0% TOTAL Town And Country Shopping Center,         44.4% CHANGE, $145,885 , 2.7% TOTAL California Avenue, 45.2% CHANGE,  $115,733 , 2.1% TOTAL All Geo Area Totals 2021Q3SALES TAX AMOUNTS Balance of Jurisdiction,  $2,798,156 , 60.7% TOTAL Stanford Shopping Center,  $947,169 , 20.5% TOTAL Greater Downtown,  $433,188 ,9.4%TOTAL El Camino Real and Midtown,  $253,673 , 5.5% TOTAL Town And Country Shopping Center,  $101,052 , 2.2% TOTAL California Avenue,  $79,717 , 1.7% TOTAL All Geo Area Totals 2020Q3SALES TAX AMOUNTS GENERAL RETAIL,               38.1% CHANGE, $1,798,257 ,  28.8% TOTAL BUSINESS TO BUSINESS,       ‐12.9% CHANGE,  $1,762,093 , 28.3% TOTAL TRANSPORTATION,   38.6% CHANGE,   $1,558,372 ,        25.0% TOTAL FOOD PRODUCTS,              49.2% CHANGE, $970,873 ,  15.6% TOTAL MISCELLANEOUS, 16.0% CHANGE,  $91,461 , 1.5% TOTAL CONSTRUCTION,          ‐56.7% CHANGE,  $53,005 , 0.9% TOTAL Palo Alto citywide 2021Q3SALES TAX AMOUNTS GENERAL RETAIL, $1,301,799 ,  24.6% TOTAL BUSINESS TO BUSINESS,  $2,024,034 ,38.2% TOTAL TRANSPORTATION,  $1,124,734 ,         21.2% TOTAL FOOD PRODUCTS,  $650,744 , 12.3% TOTAL MISCELLANEOUS,  $78,840 , 1.5% TOTAL CONSTRUCTION, $122,397 ,  2.3% TOTAL Palo Alto citywide 2020Q3SALES TAX AMOUNTS City of Palo Alto Geo Area & Citywide Pie Charts                                      Table 13 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com March 2021 The Muniservices/Avenu teams sends our very best to you for a safe and enjoyable holiday season. It is a pleasure and an honor to collaborate with all of you. Please feel free to contact us at any time as we come to the close of 2021 and as things gear up in 2022. Please feel free to contact me with any questions. Fran Mancia, Vice President of Government Relations Fran.Mancia@AvenuInsights.com What lies ahead in 2022? We are anticipating another busy legislative and budget year in 2022, with the Legislature reconvening to begin their work for 2022 on January 3rd. As the second year in a two-year session, legislation introduced in 2021 that has not yet moved to the second house must move forward in January or will die, with exceptions for measures requiring a ⅔ vote. This means that in January there will be a rush of policy and fiscal committee hearings in addition to the release of the governor’s 2022-23 budget proposal on or by January 10. Important Dates in early 2021: January 3: Legislature reconvenes January 10: Budget must be submitted by governor January 14: Last day for policy committees to hear and report to fiscal committees on fiscal bills introduced in their house in 2021 January 21: Last day for any committee to hear and report to the Floor bills introduced in their house in 2021 January 21: Last day to submit bill requests to the Office of Legislative Counsel January 31: Last day for each house to pass bills introduced in 2021 in their house February 18: Last day for bills to be introduced During December, legislators, their staff, the governor, and his staff are all completing their office moves over to the “swing space” at 10th and O Street to allow for the rebuilding of the Capitol annex which is estimated to be completed in 2025. This will necessitate a number of adjustments both as it pertains to lobbying, as well as to the location of committee hearings. The new swing space has four committee rooms, which will be utilized for larger hearings traditionally taking place in the Capitol annex. Budget Updates: Both the Senate and Assembly Budget Committees released overviews of their priorities for 2022 last week, in advance of the governor’s January 10 proposal. The Senate’s Key Values document was a preview of their detailed Senate budget priorities to be released early next year. Below are their high-level areas of focus. Policy and Capitol Update – December 2021 Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com Sustain Progress: Build upon reserves, pay down debt and retirement liabilities, use one-time funding for one-time purposes, maintain existing priorities that promote equity, and expand oversight and accountability. Strengthen Equity/Meet Gann Limit Requirements ● Maximize infrastructure investment. ● Build on targeted tax relief programs for families. ● Ensure ongoing commitments can be made to health, safety net, and higher education programs, and ● Consider reforms to modernize the Gann Limit. Build a More Equitable Economy ● Support childcare, small businesses, and the essential workforce. ● Support aging Californians. ● Improve public health, mental health, and health access and affordability. ● Balance public safety and justice. ● Address housing challenges. ● Boost infrastructure including transportation, education, broadband, and climate/disaster resiliency. ● Protect school budgets. ● Improve higher education quality, affordability, and accessibility. ● Enhance climate, environment, and resource protection, and ● Strengthen wildfire mitigation and response. The Assembly Budget Blueprint reviewed actions taken in the 2021-22 budget and prioritized the following for 2022: ● Implementation of 2021 investments including climate resilience, wildfires, broadband, and behavioral health. ● Addressing the State Appropriations (Gann) limit. ● Increased funding for education, particularly as it relates to mental health and learning loss. ● Ensuring homelessness and affordable housing funding are providing additional permanent and temporary housing. ● Oversight of the Employment Development Department’s progress in implementing improvements. ● Preventing tenant evictions. ● Funding wildfire prevention and climate investments promptly. ● Improve public health infrastructure. ● Accountability measures for CalAIM and the Children and Youth Behavioral Health initiatives. ● Address disparities and needs in the child welfare and foster care system. ● Drought response and water resilience funding to the most vulnerable communities. ● Broadband access to inaccessible communities. ● Scrutinize prison operations and restore independent oversight in the Office of the Inspector General. ● Promote the creation of living wage jobs. Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com ● Fund the Department of Toxic Substances Control to ensure resources to clean toxic sites. ● Major infrastructure investments: ○ $10 billion for school facilities; $10 billion for transportation projects including transit infrastructure; more affordable housing and homelessness prevention; modernize courthouses and leverage federal infrastructure funds. ○ Create an ongoing funding stream for supportive housing of indigent adults. ○ Bolster enrollment growth at UC and CSU. ○ Attract new workers to health care, education, and childcare occupations. ○ Increase access to Medi-Cal, CalFresh, and CalWORKs through program simplification and expanded eligibility. ○ More resources for violence and suicide prevention. ○ Focus on providing second chances for formerly incarcerated individuals. Legislative Prospective: With the new legislative cycle a few weeks away, many lawmakers have already signaled their legislative priorities for 2022. These include existing issues like the COVID-19 pandemic, broadband funding, and the implementation of large-scale behavioral health programs. Though we don't know much about the new Omicron strain of COVID-19, a number of bills are likely to be introduced relating to the ongoing pandemic. These include both legislation allowing personal belief exemptions as well as conflicting legislation mandating vaccinations or testing. Cal/OSHA is scheduled to meet on December 16 and could expand worker protections related to COVID-19 that employers have been fighting throughout the pandemic. In addition, the State’s $6 billion investment in broadband will now be enhanced by more than $100 million in federal funding which must be programmed. Legislation that stalled in 2021 may also be revived in 2022, including attempts to decriminalize hallucinogens, the implementation of public injection sites in an effort to address substance abuse, development of a single-payer health system, and the regulation of social media platforms. The continued fight for environmental protections could ramp up in 2022 with the recent oil spill off the coast of Orange County and a number of legislators’ attendance at the Glasgow Climate Change Conference. Legislators have already committed to introducing bills that would ban oil drilling in state waters. Additionally, we could see administrative action on battery-powered engines, rules to prohibit wasteful water use, and CPUC proposals on Net Energy Metering reform. Additionally, the upcoming legislative cycle could prove extra challenging for legislators, as revised maps from the California Citizens Redistricting Commission will greatly change some lawmakers’ districts. Legislators will need to be cognizant of their new constituents, which could influence their voting and the legislation they choose to pursue. Competitive districts will change, making for a unique legislative year as legislators not only adjust to new Sacramento offices, but new districts with new priorities. LAO Fiscal Outlook: 2022-23 Budget: November 17, the Legislative Analyst's Office (LAO) published a report on California's fiscal outlook for the 2022-23 budget. This report is an early projection of California's economic status for the upcoming fiscal year. Surplus: Due to continued growing state revenues, the LAO projects a surplus of $31 billion for the 2022- 23 fiscal year. Retail sales have doubled in growth in 2021, stock prices have doubled since the pandemic low in Spring 2020, and major firms posted historically high earnings. As a result of this unexpected Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com growth, the Legislature will need to allocate roughly $14 billion to meet the constitutional requirement under State Appropriations Limit (SAL) by reducing taxes, spending more on excluded purposes like infrastructure, or making additional payments to schools and community colleges. Spending to meet SAL: Prop 98 guarantees K-14 funding through a combination of state General Fund dollars and local property tax revenues. In remaining consistent with revenue increases, spending on K-14 schools is likely to increase by almost $11 billion. Additionally, with the expansion of Transitional Kindergarten, a $421 million spending increase in 2022-23 is anticipated. This leaves the Legislature with an estimated $9.5 billion in ongoing discretionary funds available, and $10.2 billion in one-time funds available, totaling $19.7 billion for K-14 over the next 3 years in order to meet the constitutional requirement under SAL. Spending in the rest of the budget is lower than projected by $5 billion due to a number of factors, including savings associated with an enhanced federal share of certain Medicaid programs. The federal match increased 6.2% during the pandemic, and the continued enhanced share is assumed through March 2022. This means that General Fund spending will increase beginning the 4th quarter of the current fiscal year 2021-22 to fully cover Medi-Cal. Additionally, $3.3 billion of spending set aside for transportation infrastructure that ultimately did not pass the Legislature will revert to the General Fun. As a result, the state may end up with an additional $5.2 billion surplus in 2022-23 which is included in the total surplus projection of $31 billion. The LAO suggests that the Legislature should plan to meet the SAL early to avoid adjustments during the governor’s May revise. Reserves: With the current LAO estimates, the state's constitutional reserves could reach 10% of revenues and transfers in the 2022-23 fiscal year, which is about $21 billion in the Budget Stabilization Account. Pre-pandemic reserves were 13% of the state's revenues and transfers, so the state would need to make additional, discretionary deposits into one of the reserves to meet the state's reserves prior to the pandemic. The LAO recommends that the Legislature increase total reserves by more than the constitutionally mandated level to return to pre-pandemic levels sooner. Because the bulk of revenue and spending projections are dependent on legislative action, the LAO projects a surplus range between $3 and $8 billion through the 2025-26 budget. 26th UN Climate Change Conference of the Parties: This week, members of the Legislature and Lieutenant Governor Eleni Kounalakis traveled to and have been reporting from the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, Scotland. Governor Newsom was originally scheduled to participate in the conference, however canceled his plans sending the Lieutenant Governor in his stead. Over the past year, the governor has signed executive orders to phase out internal-combustion vehicles, preserve 30 percent of the state's land and water by 2030, and phase out fracking by 2024 and oil extraction by 2045. $15 billion was allocated in the 2021-22 Budget Act over the next three years by the governor and Legislature for climate programs. Although California legislators originally branded the trip as one to showcase California’s leadership in climate change, it became clear quickly that we still have a lot to learn from other countries and states as well as additional work to do in California. Assembly Speaker Anthony Rendon (D-Lakewood), said that he anticipates reconsideration of AB 1395 or a similar measure in 2022 as a follow-up to the conference. AB 1395 (Muratsuchi), which failed passage on the Senate Floor in September, declares it is the policy of the state to achieve net zero greenhouse gas (GHG) emissions as soon as possible, but no later than 2045, and to achieve and maintain net negative GHG emissions thereafter. Additionally, it declares that it is a policy of the state to ensure Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com that by 2045, statewide anthropogenic (originating from human activity) GHG emissions are reduced by at least 90% below 1990 levels, which includes emissions prevented by carbon capture and storage. Senator Josh Becker (D-Menlo Park) also announced his intent this week to introduce a bill requiring California to reduce its emissions from state-owned vehicles, buildings, and other sectors to net zero by 2035, 10 years before the economy-wide target of 2045. He is additionally exploring legislation to streamline the building of low-carbon construction projects. On Monday November 8, the California Air Resources Board, on behalf of the state of California, signed a Joint Declaration of cooperation in the fight against climate change with the governments of New Zealand and Québec. AB 32 (Chapter 488, Statutes of 2006) requires consultation with other states, the federal government, and other nations to identify the most effective strategies and methods to reduce greenhouse gases, manage greenhouse gas control programs, and to facilitate the development of integrated and cost-effective regional, national, and international greenhouse gas reduction programs. The Joint Declaration states the intent to: ● Share information, experiences, and best practices on the implementation of strategies, policies, and programs on the design of cap-and-trade systems for greenhouse gas emissions, measurement, reporting and verification systems, sustainable mobility, forestry, agriculture, and aligning incentives and investments to support and bolster climate action. ● Foster research, development, deployment, and exchange of clean technologies including in renewable energy, energy efficiency, energy storage, agriculture, and zero-emission transportation. ● Promote environmental integrity of carbon pricing instruments to reduce greenhouse gas emissions worldwide. ● Explore opportunities for potential future alignment of our respective cap-and-trade programs through focused information sharing and discussions related to cap setting, scope, auctions, allocation, market rules, and other key program design features. Legislators attending the conference included Senators Josh Becker, Lena Gonzalez (D-Long Beach), Bob Hertzberg (D-Van Nuys), John Laird (D-Santa Cruz) and Bob Wieckowski (D-Fremont), Assembly Speaker Anthony Rendon, and Assemblymembers Isaac Bryan (D-Los Angeles), Lisa Calderon (D- Whittier), Laura Friedman (D-Glendale), Tasha Boerner Horvath (D-Encinitas), Eduardo Garcia (D- Coachella), Al Muratsuchi (D-Torrance), Luz Rivas (D-North Hollywood), Mark Stone (D-Scotts Valley), and Christopher Ward (D-San Diego). Select Committee on Ports and Goods Movement: On November 3, the Assembly and Senate Select Committees on Ports and Goods Movement held a joint hearing to discuss recent issues contributing to delays in our national supply chain. The panelists consisted of experts representing ports in California, the retail industry, labor groups, and various agricultural organizations who provided feedback to lawmakers on factors hindering business operations as well as temporary solutions currently being utilized to address port congestion. Background: Port congestion is detrimental to both the California and national economy. About 40% of all shipping containers entering the country come through the twin Los Angeles and Long Beach ports. Manufacturers are struggling to acquire products to meet consumer demand and farmers are struggling to secure empty containers to ship agricultural goods. Record demand for imported goods and labor shortages are contributing to the backlog of container ships, and these delays will ultimately lead to higher Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com prices for consumers, greater wait times for goods, and could hinder California’s post-pandemic economic recovery. The agriculture industry alone is experiencing a cancelation rate of about 80% of their bookings, leading to a $7.5 million loss in sales for the industry. Labor Shortage: As of October 19, 62 container ships were anchored off the coast waiting to unload at the Los Angeles and Long Beach ports. Current wait time for ships is now approximately ten days, over 3.8 days longer than the wait time during September. Before the backlog, containers were typically left at terminals for less than four days, however, recently, approximately 40% of containers are left for nine or more days. Both ports are now implementing fines for containers left for long periods of time in hopes of expediting the process. The nation’s transportation industry is also facing an unprecedented worker shortage. According to the Labor Department, job openings in the transportation, warehousing, and utilities sector have steadily increased this year and reached 537,000 in August - a 67% increase from February 2020. Older employees have retired or decided to transfer into other industries, and replacements are not forthcoming. As a result, ports lack truckers, dock workers, and other utility driver workers that are essential to the expedient unloading of materials into the United States. State Action: The administration and ports have already taken some actions to address the supply chain backlog to try and improve it, and we anticipate further action when the Legislature returns in January. Earlier this year, GO-Biz launched the California Supply Chain Success Initiative, a partnership with the California State Transportation Agency, the Port of Long Beach, and the CSU Long Beach Center for International Trade and Transportation to engage stakeholders along the supply chain to discuss key challenges and identify creative solutions. This effort, which brought together federal, state, and local leaders, is focused on both short-term and long-term steps to address port congestion, improving collaboration, and exploring policies to remove obstacles and improve the movement of goods. On Wednesday, October 20, Governor Newsom signed Executive Order N-19-21 formalizing efforts already underway to address supply chain shortfalls. The Executive Order directs that within 30 days, the Department of Transportation and the California State Transportation Agency, in collaboration with industry stakeholders, shall evaluate and identify priority freight routes to be considered for a temporary exemption to current gross vehicle weight limits; GO-Biz shall identify non-state sites, including private, locally owned, and federally owned parcels, that could be available to address short-term storage needs; the Department of General Services shall complete its review of state owned property in proximity to impacted ports that may be made available to address short-term storage needs by December 15, 2021 and shall collaborate with other state agencies to expedite leasing for the purpose of storing cargo containers on state-owned parcels; and the California Labor and Workforce Development Agency shall identify potential high road training partnerships to increase education, career technical education, skilled job training, and workforce development opportunities for port workers and other workers across the supply chain. Additionally, the Executive Order directs the California Labor and Workforce Development Agency to announce the membership of the industry panel established by AB 639 (Cervantes, 2020) by December 31, 2021 and convene the panel for its first meeting by March 1, 2022. AB 639 requires that the Labor and Workforce Development Agency and California Workforce Investment Board oversee a stakeholder process to develop recommendations on how to address automation at the Port of Los Angeles and the Port of Long Beach. Attachment B 1264 Hawks Flight Court #270, El Dorado Hills CA 95762 | 559-288-7296 | www.avenuinsights.com Emerging Projects Agreement: Last week, the U.S. Department of Transportation and Governor Newsom announced a federal-state partnership, dubbed the Emerging Projects Agreement, to identify funding for infrastructure projects at California ports. There is currently an imbalance in the investments in ports in California versus ports on the east coast that receive eleven times more funding from the federal government. $5 billion in loans will be issued to the Long Beach and Los Angeles port authorities in part through two Department of Transportation credit assistance programs: the Transportation Infrastructure Finance and Innovation Act and Railroad Rehabilitation and Improvement Financing. The loans are intended to expedite a network of projects including expanding rail capacity, developing inland port facilities for increased warehouse storage, and highway upgrades. However, these are longer term projects and will do little to alleviate the current backlog. On October 20, President Biden announced an agreement with the Port of Los Angeles to increase operations to 24 hours, seven days per week as a short-term solution. FedEx, Walmart, and UPS also reportedly plan to increase operations to 24 hours. Long Beach officials have even suspended a portion of the city’s municipal code limiting container stacking heights outside the port complex to immediately increase storage capacity within our California ports. The California Business Roundtable, along with a number of statewide business associations, requested that an Extraordinary Session of the Legislature be called for the purpose of repealing, suspending, or reforming state laws and regulations hindering expeditious service at California ports. A group of ten Assembly Republicans, led by Kevin Kiley, echoed that request. Newsom's senior advisor and director of GO-Biz said she'd received the letter and that there would be no state of emergency, however the governor has yet to publicly address whether a special session will be called. Housing Strike Force: This fall, Attorney General Rob Bonta announced the formation of a Housing Strike Force made up of deputy attorneys general with expertise in housing and related matters to work with state agencies and other partners in addressing the housing crisis and to enforce state laws aimed at increasing housing supply and providing housing security. In part, this action came as a result of AB 215 (Chiu, Chapter 342, Statutes of 2021) which provides the Department of Housing and Community Development and the Attorney General with additional enforcement authority for local agency violations of housing laws. Specifically, the Housing Strike Force will: ● Enforce state housing and development laws in the Attorney General’s independent capacity and on behalf of the Department of Justice’s client agencies; ● Enforce tenant rights, mortgage servicing, and other consumer protection laws; ● Issue consumer alerts advising tenants and homeowners on their protections under state and federal law; ● Issue guidance letters to local governments on state housing laws; ● Defend state housing and tenant protection laws from legal challenges; and ● Advocate with the state legislature, federal agencies, and other state agencies to advance a right to housing. As an Assemblymember, Bonta introduced ACA 10, which if passed and approved by California voters, would have declared in the California Constitution that housing is a fundamental human right and is the shared responsibility of both state and local governments. ACA 10 did not move forward, however, AB Attachment B