Half-Cent Sales Tax Hike in L.A. Creeps Closer to Ballot
That half-cent sales tax hike in the City of Los Angeles dreamed up by the City Council is edging closer to showing up on our March ballots, following a tentative vote taken today during the Council's meeting.
But it's not a done deal, thanks to too slim a margin in today's vote, according to City News Service. Coming in at 10-4, the measure didn't quite hit the 2/3 majority it needed to land on the ballot. Another vote will be taken next week.
Supporters of the sales tax increase believe it will help stuff the holes in our city budget, and prevent the layoffs of police officers and firefighters. City officials say it could bring in a projected $215 million annually, which would go into the city's general fund.
Among those voting no today include mayoral prospects Eric Garcetti and Jan Perry, who believe the tax would turn off the business community and hamper the city's economy.