Los Angeles City Council President Suggests Sales Tax Hike

Determined to find a new solution to Los Angeles' budget crisis, City Councilman Herb Wesson said Tuesday he wants his colleagues to prepare a half-cent sales tax hike proposal for the ballot in the March municipal election.
October 31, 2012
 

Determined to find a new solution to Los Angeles' budget crisis, City Councilman Herb Wesson said Tuesday he wants his colleagues to prepare a half-cent sales tax hike proposal for the ballot in the March municipal election.

Wesson said such a measure would generate $220 million for the city, which has faced a shortfall every year since the nation’s financial meltdown in 2008. A public opinion poll has already identified a citywide sales tax hike as a "viable" proposal in an election, Wesson said.

Join the Discussion

After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.

More from Finance