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Real Estate Tax Dropped

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For months, city officials worked on "a March ballot measure that would have increased the tax on real estate sales, saying it would provide much needed revenue to a city in crisis." The real estate lobby got to lobbying and now the City Administrative Officer is working to "abandon the real estate measure and push instead for a tax on retail sales, one that would generate twice as much money but also hit working-class Angelenos harder." [LAT]