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Salinas reports $1.7 million in first year rental program receipts; staff to return excess fees, cites 45% compliance
Summary
City staff reported roughly $1.7 million collected through Salinas’ 2025 rental registration and rent stabilization programs, with projected year‑end revenue of about $1.715 million and estimated excess after expenses to be returned proportionally to registrants. Staff noted 45% landlord registration and five tenant petitions to date.
Director Brenton told the City Council that Salinas registered slightly more than 12,000 rental units under the city’s two new programs and collected about $1.675 million through Sept. 30, with an additional $35,000 in late fees. Staff projected year‑end revenue of approximately $1,715,000 and estimated total program expenditures of about $803,632, leaving a projected excess of roughly $911,715 that the ordinance requires be proportionally returned to registrants.
Brenton said the rental‑registration fee was $45 per unit and the rent‑stabilization fee $170 per unit. She reported that about 45% of estimated rental units have registered so far and that…
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