We were only allowed to view the rebuttal of the proponents of Measure I – Real Estate Transfer Tax, 40 minutes before the deadline to turn in our rebuttal to their rebuttal. As such, I was forced to submit my rebuttal without the benefit of reviewing their rebuttal arguments.
When I attempted to visit the office of City Clerk Aisha Thompson, I meet with resistance from the city’s security. I also made several phone request, for a copy of the city’s rebuttal to my primary argument with no success.
Nevertheless, I believe Inglewood residents are wise enough to understand that their property appreciates, this tax increase is forever, and eventually 100% of all properties in Inglewood will be subjected to this tax.
Inglewood declared a fiscal emergency because of an anticipated $12.9 million General Fund deficit (according to the resolution filed with the county requisition the election.)
As a result the City of Inglewood is proposing a Real Estate Transfer Fee Increase measure. This measure retains the .055% under $1,100,000 which applies every property sold in Inglewood. The measure then progressively increases the fee based on the selling price.
This tax will stay in place until removed by the voter which has never happened in the City of Inglewood which has never happened in Inglewood.
The Mayor has claimed that the increased fee will only apply to 2% of the properties in Inglewood. The opponents say that this “Fee” will eventually apply to all properties in Inglewood, as their property values continue to increase. When ask does this fee apply to the Stadium or Area, the answer was NO as this property was sold before the city sought to implement the fee.
“Every property in Inglewood will soon appreciate well over 1.1 million if it is not worth that today.” Cindy Giardina said.
Eventually 100% of the properties will be subjected to this tax increase, yet the Mayor believes we are ignorant enough to believe that this tax increase will only impact 98% of Inglewood sales transactions, in an attempt to deliberately mislead the homeowners.
The Mayor himself once said, “property values in Inglewood have gone up 150 percent.” .
According to an analysis from PropertyShark, home prices in Inglewood surged 63% from 2014 to 2018, (
Both of these prediction supports Ms. Giardina’s argument that every property in Inglewood will appreciate well beyond the 1.1 million, and will be subject to this horrific proposed Real Estate Transfer Tax.
The city claims that the deficit is due to COVID-19. However, opponents of the tax measure argue that this is not true.
“With all the development in Inglewood, the Stadium up to and running and major Inglewood companies reporting trillions in income during COVID-19 pandemic. Cindy Giardina said the financial losses of the City is due to faulty decisions”
“This fee is like a Venus flytrap, waiting on your property to reach 1.1 million, and then it paralyzes and consumes you with a new tax,” said Giardina. “Our heirs will have to pay this tax.”
Given that the tax only applies to Inglewood property owners, A NO vote. WILL ACTUALLY PROTECT INGLEWOOD RESIDENTS.
It would seem the opponents agree with Inglewood City Treasurer Wanda Brown. According to an article in the Daily Breeze, the City Treasurer previously warned the City Council about declining cash balance, it’s increasing deficit spending, and growing negative unrestricted fund balance. Brown said they need to curb spending and wasteful and expensive use of outside consultants. The treasurer has filed a $10 million lawsuit against the City, Mayor, and council because they retaliated against her for blowing the whistle on what she characterized as mismanagement and misappropriation of city funds.
Former Inglewood City Council and Inglewood School Board member