It appears that I'm using the properties syntax correctly, however I cannot seem to get export to use the options I set in the properties drawer. If I move the LaTeX_CLASS and OPTIONS over to their #+ equivalents at the top of the file they work just fine. Is there something (hopefully not *too* obvious) that I'm doing wrong?
:PROPERTIES: :EXPORT_LaTeX_CLASS: report :EXPORT_OPTIONS: toc:nil num:nil H:4 :COLUMNS: %25ITEM %TODO %15Business %16Start-Date %16Last-Update :EXPORT_PROPERTIES: 2 Business Start-Date Last-Update :END: