November 15, 2012
Los Angeles is hoping taxpayers are in a generous mood.
One week after voters approved a statewide sales tax increase pushed by Gov. Jerry Brown, the Los Angeles City Council on Tuesday tentatively approved placing a half-cent boost on the March city ballot.
The city of nearly 4 million people has been wrestling with long-running budget gaps and soaring health and pension costs for retired city workers.
Proposition 30 approved last week will increase the sales tax in the city from 8.75 percent to 9 percent on Jan. 1.
The city proposal would kick that rate to 9.5 percent — among the highest in the nation.
The proposal approved 10-4 must return for a second vote next week.
It would raise an estimated $200 million a year.