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Measure TR is a proposed 5% business license tax on cannabis retail businesses in the City of Lynwood. The tax is levied based upon business gross receipts. City expenses have increased exponentially with inflation along with costs related to Covid recovery, yet revenues have not increased at the same rate. If passed, it is projected to generate $3-$6 million annually to enhance general city services such as senior citizen programs, City beautification efforts, enforcement of illegal cannabis operations, public safety, housing programs, recreation services, infrastructure, homeless reduction and other City efforts.
City expenses have increased exponentially with inflation along with costs related to Covid recovery, yet revenues have not increased at the same rate. If passed, it is projected to generate $3-$6 million annually to enhance general city services such as senior citizen programs, City beautification efforts, enforcement of illegal cannabis operations, public safety, housing programs, recreation services, infrastructure, homeless reduction and other City efforts.
If Measure TR is adopted, the City of Lynwood will begin taxing cannabis retailers 5%. If passed, it is projected to generate $3-$6 million annually to enhance general city services such as senior citizen programs, City beautification efforts, enforcement of illegal cannabis operations, public safety, housing programs, recreation services, infrastructure, homeless reduction and other City efforts.
If Measure TR is not adopted, the City of Lynwood will not receive the projected $3-$6 million annually to enhance general city services such as senior citizen programs, City beautification efforts, enforcement of illegal cannabis operations, public safety, housing programs, recreation services, infrastructure, homeless reduction and other City efforts.
The five percent (5%) cannabis business license tax rate is projected to generate an estimated $3 to $6 million annually in new general fund revenues.
City expenses have increased exponentially with inflation along with costs related to Covid recovery, yet revenues have not increased at the same rate. Measure TR money would be spent on enhancing general city services such as senior citizen programs, City beautification efforts, enforcement of illegal cannabis operations, public safety, housing programs, recreation services, infrastructure, homeless reduction and other City efforts.
Cannabis business retailers would pay the Measure TR tax. This is not a sales tax passed down to consumers.