Early results for Long Beach’s Measure US oil tax showed a strong lead with 61,782 votes, or 61.5% in favor, compared to 38.5% against the measure. The measure raises the tax rate on oil suppliers, which proponents say will raise funds to address racial inequities in the city, including community and youth programs.
Measure US would double the city’s general tax on business licenses for oil production to 30 cents per barrel.
An impartial analysis by the city attorney’s office estimates that the tax, if approved, could generate approximately $1.6 million in new revenue for the city’s general fund.
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