The City of Emeryville is committed to providing city services in a fiscally responsible manner. COVID-19 detrimentally impacted the City’s finances. Despite our best efforts through the pandemic, the City has identified a gap between revenues and expenditures going forward. To help close the gap, the City has:
applied funds generated in prior years to current needs; and
deferred some maintenance and capital costs to subsequent fiscal years; and
held the line on starting new capital projects.
To close the City’s projected funding gap, the Emeryville City Council voted on July 5, 2022 to place a measure on the November 8th ballot seeking voter authorization to modify Emeryville’s existing Real Property Transfer Tax (RPTT). If approved by city voters, Measure O will modify Emeryville’s RPTT from $12 to $15 per $1,000 for property sales between $1,000,000 and $2,000,000 and $25 per $1,000 for property sales above $2,000,000. Under this proposal, the RPTT for properties valued at less than $1,000,000 would remain unchanged. If voters approve the ballot measure on November 8th, Emeryville’s RPTT will more closely match RPTT rates in nearby communities.
Election Day is November 8, 2022. City of Emeryville residents who are registered to vote by October 24 will be eligible to vote on Measure O.