clock menu more-arrow no yes

Filed under:

Real Estate Tax Dropped

New, 32 comments

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]