Sacramento Mayor Kevin McCarty wants to nearly quadruple a real estate transfer tax to fund homeless housing. McCarty says this tax could generate at least $9 million each year to help first-time homebuyers, renters and the homeless, and he claims he can do this “without affecting most homeowners.”
Why should homeowners pay for first-time homebuyers, renters and the homeless? What an unaccountable pot of money for the Mayor to have access to.