A Los Angeles City Council committee unanimously supported a draft ballot measure that will help generate millions of dollars in sales tax revenue.
The Rules and Elections Committee voted 3-0 to support the Neighborhood Public Safety and Vital City Services Funding Measure. The proposed half-cent sales tax measure is expected to generate $22o million and bring some relief to the budget shortfall (source).
During the discussion on Friday morning, the committee Chair moved to amend the City Attorney draft ordinance and add language that establishes a Citizens Oversight and Accountability Committee. The group will review the revenue and expenditures of the tax adopted by this chapter.
A total of four proposed revenue generating tax measures were considered during the meeting. The draft measures will now head to the full City Council meeting on Tuesday, Nov 13, for a vote.
Here is a list of the four proposed sales tax ballot measures:
(1) measure to provide funding for the Department of Recreation and Parks programs through a parcel tax.
(2) measure to increase the Documentary Transfer Tax on all real estate transactions in the City.
(3) measure to increase the Parking Occupancy Tax in the City.
(4) Neighborhood Public Safety and Vital City Services Funding Measure
The last day for the City to add a measure to the March 2013 ballot is Nov. 14th.