The city of Monterey Park wants to raise $1.2 million funds to use for general city services such as keeping public and business areas safe and clean, preventing crime such as theft and strengthening the local economy. The catch with most measures like this is that taxes usually rise.
But in this case, there’s a twist with Measure BE.
By revising the business license tax to at least $75 per $1,000 of gross receipts, some businesses could actually see no change or even a decline in their tax rate, according to a city staff report about the measure.
The full story is on UT Community News’ partner CALÓ News’ website and will be cross-published here in mid-October.