Tax Initiative Discussion - May 15, 2024
Alex Nguyen, the Oxnard City Manager, has requested a virtual meeting to discuss the Taxpayer Protection and Government Accountability Act with the members of the Oxnard Shores neighborhood. The meeting is scheduled for May 15, 2024 at 6:30PM. The link for the Google Meet is:
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https://meet.google.com/hre-cnos-anj
Otherwise, to join by phone, dial +1 219-706-2372 and enter this PIN: 352 023 218#
This act will appear as an initiative on the November ballot and can have a substantial impact on how the state and local governments obtain revenue. Because of the complicated nature of this initiative and the strong feelings on both sides, we felt it was necessary to provide some background before the meeting to allow for an in-depth discussion on this issue.
Given the controversial nature of this initiative, it was difficult to find an objective article or paper on the issue. However, a meeting of the California State Teachers Retirement System (CALSTRS) held on May 2, 2024, included a discussion of the initiative. Although CALSTRS is opposed to this initiative, it provided several attachments that covered both sides of the issue.
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Here is the agenda item with the attachments:
Item 15 - Initiative 21-0042A1: Taxpayer Protection and Government Accountability Act
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Session: Open | Type: Information | Presenter: Joycelyn Martinez-Wade
Attachment 1 – Initiative text
Attachment 2 – Title and summary
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Attachment 4 – Taxpayer Protection and Government Accountability Act – Get the Facts
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Attachment #4 is a good summary of the arguments for the initiative and attachment #5 is a good summary of those in opposition. However, reading all 5 attachments and the Regular Meeting notes, will give you a good overview of the subject.