Los Angeles Business Journal

L.A. Council Considers Two Tax Increases

Wednesday, August 22, 2012

You knew this was coming. The Los Angeles City Council signaled it may put two tax increases on the March ballot. The Los Angeles Times reports that business groups in particular didn’t like a proposal to double a city tax on property sales, with one Realtor saying it would make L.A. home prices even higher and put Los Angeles at a “competitive disadvantage.”