Shall the City of Piedmont, to be in alignment with neighboring East Bay Cities, increase the real estate transfer tax from $13.00 to $17.50 per $1,000 of transfer price, generating $948,462 annually until ended by voters, to provide general tax revenue for city services and to repair and maintain city facilities including police and fire stations, parks, and recreation facilities, and other city infrastructure, be adopted?
2, Alameda County • 2020 • Measure
Failed
Result: 47.8% yes, 52.2% no (7,744 votes cast)
AI-generated plain-language summary
This measure would have increased Piedmont's real estate transfer tax from $13.00 to $17.50 per $1,000 of property transfer price to generate approximately $948,462 annually for general city services and infrastructure maintenance. The additional revenue would have funded repairs and maintenance of city facilities including police and fire stations, parks, recreation facilities, and other municipal infrastructure.