The transfer tax is collected when real estate is sold, at a rate of $6 per $1,000 of the sale price. Without it, San Leandro says it will have to cut $3.5 million from its budget. In addition to the aforementioned belt tightening, the city says the loss would cut library hours by one third and eliminate funding for pool maintenance at the Boys and Girls Club.
City department heads proposed the cuts, which were reviewed by a committee of citizens at three meetings in August and September. The council will vote on the alternative budget on Oct. 2, so that voters will know the cost of the measure's passage before the Nov. 7 election. Those in favor of the measure are calling the proposed cuts scare tactics.
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