Flaw #3 Hurts Small Businesses
PROP 15 WILL
HURT CALIFORNIA’S
SMALL BUSINESSES
WHAT DOES PROP 15 MEAN FOR SMALL BUSINESSES?
Most small businesses rent the property on which they operate and have what is called a “triple net lease” where they are responsible for paying property taxes, insurance, and maintenance costs. Prop 15 will mean skyrocketing rents at a time when the federal and state government is trying to provide small businesses with rent relief to keep their doors open.
WHAT SMALL BUSINESSES WILL PAY HIGHER RENTS?
…and many more
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VOTE NO IN NOVEMBER
HOW WILL SMALL BUSINESSES COPE WITH THE
LARGEST PROPERTY TAX HIKE IN STATE HISTORY?
Ultimately, the measure’s $11.5 billion-a-year property tax hike and higher rents will force many small businesses to:
- Raise consumer prices
- Lay off employees
- Move out of state
- Shut their doors
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WHICH SMALL BUSINESSES WILL
BE HURT THE MOST?
Numerous studies indicate that raising property taxes on small businesses will disproportionately hurt female- and minority-owned businesses the most.
VOTE NO IN NOVEMBER
SMALL BUSINESSES ACROSS CALIFORNIA ARE ALREADY STRUGGLING
Prop 15 will make it even more difficult for them to reopen their doors or stay in business as a result of this economic crisis.
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