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Council orders ordinance to align city code with state law after SB 1059; city estimates $3M–$4M hit this fiscal year
Summary
City council instructed the municipal attorney to draft an ordinance to change local code after state Senate Bill 1059 took effect Jan. 1, 2025; finance staff estimated a $3 million to $4 million reduction in business tax revenue for the current fiscal year and $6 million to $8 million annually thereafter.
The City Council voted to instruct the municipal attorney to prepare an ordinance to change the city code so it complies with state law enacted in Senate Bill 1059, which took effect Jan. 1, 2025. Councilmember Padilla, Councilmember Di and Councilmember Jurado voted to approve the instruction.
The finance office told the council the new state law removes state excise tax from the local taxable receipts base for cannabis businesses. A finance office representative said the city currently estimates a $3 million to $4 million reduction in business tax revenue for the remainder of this fiscal…
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