A. The City Council is hereby authorized to impose a special tax of $0.1047 per square foot of improvements in the City of Berkeley.

B. Annually in May, the City Council may increase the previous year’s tax by up to the greater of the cost of living in the immediate San Francisco Bay Area or per capita personal income growth in the state, as verified by official United States Bureau of Labor statistics. If either index referred to above is discontinued, the City shall use any successor index specified by the applicable agency, or if there is none, the most similar existing index then in existence. (Ord. 7745-NS § 2, 2020)