Passed
Result: 70.5% yes, 29.5% no (16,939 votes cast)
The measure updates Monterey Park's business license tax structure by setting the rate at $0.75 per $1,000 of gross receipts with a $75 minimum annual tax, expected to generate approximately $1.2 million yearly for general city services. The ordinance includes spending disclosure requirements and keeps funds under local control until ended by voters.