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America’s most expensive rental market just got even worse as county plots punishing tax hike
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US News – Latest Breaking Headlines, Photos & Videos | New York Post
America’s most expensive rental market could soon become even more pricey after officials voted to ask residents to approve a countywide sales tax increase amid a looming fiscal crisis.
Santa Cruz County Board of Supervisors agreed Tuesday to place a temporary half-cent sales tax measure before voters on the Nov. 3 ballot while declaring a state of financial distress, the Santa Cruz Sentinel reported.
Under the proposal, the sales tax would rise from 9.75% to 10.25% in Santa Cruz, Scotts Valley and Watsonville.
4 Santa Cruz Supervisor Manu Koenig (second left) agreed to place a half-cent sales tax measure before voters.
4 The proposal comes just days after Santa Cruz was identified as the most expensive rental market in the US.