VICA President Stuart Waldman said, “Once again, voters overwhelmingly rejected bad policy that economists have known would have exacerbated the housing crisis. Proposition 21 was placed on the ballot by one man with a history of trying to stop new homes from being built, and voters showed that they understand the need for more housing for our families and veterans by rejecting Prop 21.”
Waldman added, “Another bad policy, Proposition 15, would increase the cost of living in California by removing property tax protections and increasing taxes for businesses. At a time when COVID-19 has negatively impacted the business community, Prop 15 would cripple already struggling businesses up and down California. We are optimistic that the current numbers showing defeat of this measure will remain.”
Voters approved Proposition 22, which will ensure that rideshare and delivery app drivers maintain the ability to work entirely at will and choose their own hours.
“The independent contractor model worked for many workers who wanted to choose their own hours or earn some extra income and working for a rideshare or delivery app company allowed them to do this. This was all upended when AB 5 was approved. The approval of Prop 22 maintains the flexibility and freedom that made these jobs and services so popular. It will also allow those who may have been hit by the COVID-19 economic impacts work as independent contractors.”
We are excited with the overwhelming approval of LAUSD’s Measure RR, a $7 billion in general obligation bonds to fund LAUSD school facilities construction and upgrades.
Waldman said, “Because of the approval of Measure RR, students will see improved facilities and classrooms, as well as access to technology which will enhance their learning experience.”
Finally, Measure RC in Burbank is headed towards defeat while Measure C in Calabasas and Measure SF in San Fernando have been approved.
Waldman commented, “This year’s election was an election to remember. While most of the attention was on the presidency, there were several local elections and statewide ballot measures that were just as important. We will see what the results look like in the next few days and next few weeks, but we are very pleased to see that many of the current results are going our way.”
The mission of the Valley Industry & Commerce Association (VICA) is to enhance the economic vitality of the greater San Fernando Valley region by advocating for a better business climate and quality of life. Visit www.vica.com for more information.