Cupertino Drops Tax Hike Sought to Backfill Disputed Apple Funds

Leaders in Apple Inc.'s hometown said Wednesday they won’t ask residents to increase taxes in November 2024 to help make up for a 73% drop in sales tax revenue from the company’s online sales.

The Cupertino City Council voted 5-0 to forgo all four possible tax increases they were considering for the 2024 ballot because it is already crowded with three statewide tax questions. Still hanging over the council is the California Department of Tax and Fee Administration’s determination leading to the drop in revenue—that much of the revenue Apple assigns to Cupertino under a 26-year tax sharing agreement should ...