Passed
Result: 67.0% yes, 33.0% no (25,836 votes cast)
This measure levies a monthly tax of 7.5 cents per square foot on businesses in Palo Alto, with a cap of $500,000 per business and exemptions for grocery stores and businesses under 10,000 square feet. The tax includes annual 2.5% inflation adjustments and is expected to generate approximately $9.6 million annually for 35 years to fund public safety, affordable housing, rail crossing safety, homeless services, and general city services.