10 18-0226 Subject: Support Of The California Schools And Local Communities Funding Act Of 2018 From: Office Of The Mayor Recommendation: Adopt A Resolution 1) In Support Of The California Schools Local Communities Funding Act Of 2018 ("The Initiative") On The November, 2018 Ballot, Which Will Amend The State Constitution To Close A Corporate Tax Loophole By Reassessing Commercial And Industrial Real Property On A Regular Basis Based On Fair Market Value; And 2) Encourage Other Jurisdictions In The Region To Take Support Positions On The Initiative