Raman’s Measure ULA carveout would hand $177M back to commercial developers
A proposed ballot measure to create aggressive carveouts to the city’s Measure United to House L.A. tax is going through the ringer — following the release of a study which estimated changes to the tax could cut its revenue by 35 percent, or $177 million. New findings presented to the committee tasked with evaluating any changes to Measure ULA seemed to beg more questions than answers. Friday’s discussion offered little on which way the city of Los Angeles should go on possible amendments to the so-called mansion tax, as local leaders sparred over the interpretation of opposing data sets. Measure […]This article originally appeared on The Real Deal. Click here to read the full story.
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