Shall Proposition D, which amends the Long Beach City Charter by changing the formula from 10%
of net income to 5% of gross operating revenues in order to clarify the formula for the transfer of funds
from Harbor Department revenues to the Tidelands Operating Fund, and clarifying that the
management of the City's oil properties and subsidence control operations are under the exclusive
control of the City Council, be ratified?
Full Text of Argument In Favor
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Official Information
- City of Long Beach
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