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C,16ty's Ability to Raise Revenue City of5antaAna <br />• State Law (Prop 13, Prop 218) limits the Cites ability to raise revenue <br />Taxes are for general benefit and must be approved by voters <br />■ Simple majority for general tax or 2/3 majority for restricted uses <br />o Fees are for individual benefit and are limited to cost recovery <br />• The `Taxpayer Protection and Government Accountability Act," <br />sponsored by corporate lobbyists, has qualified for the November 2024 <br />statewide ballot to further limit local ability to raise revenue. <br />• Raises a p p rova I threshold for general taxes to two-thirds <br />o Expands the definition of tax (requiring voter approval) to include <br />regulatory fees, including development fees <br />• Retroactive application to January1, 2022 <br />