Berkeley voters will be asked to weigh in on three ballot measures this November.
BERKELEY — Berkeley voters will be asked to consider three proposals in November focused primarily on solving the city’s affordable housing crisis and fixing crumbling infrastructure.
Over the life of the bond, the median increase to homeowners’ property taxes would be $40.91 for every $100,000 of a home’s assessed value, according to city documents. According to an impartial analysis by City Attorney Farimah Faiz Brown, the tax is projected to raise around $25 million annually and the total cost of repayment, including interest, is more than $1.1 billion.
Opponents also object to the 48-year payback window: several of the planned priorities, such as the street repairs, will begin to decay and lose value before the bill is paid back.
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