Local Legislation
New Santa Monica Real Estate Tax Initiative
Santa Monica voters should expect a Real Estate Transfer Tax initiative on their ballots this fall. If passed, it would raise the transfer tax rate from 0.6% to 5.6% for properties transferred at $8 million or more.
This tax will significantly impact both commercial and residential properties and their tenants.
New Tax Measure Coming to Culver City
On June 13th, the Culver City City Council decided against adding a parcel tax to the November ballot. However, they will proceed with a Business License Tax ballot measure.
Read MoreNo New West Hollywood Vacancy Tax for Now
In a victory for property owners, West Hollywood will not be placing a vacancy tax measure on the November 2022 ballot. Instead, in a 3-2 vote on June 6th, the West Hollywood City Council decided to move the discussion of the ballot measure to March 2023.
Read MoreLos Angeles Invests in Preventing Homelessness and Public Safety in 2022-23 Budget
After the City Council approved Los Angeles’ budget for the 2021-2022 fiscal year, Mayor Eric Garcetti Wednesday officially signed the budget into law, setting the City on a course towards recovery after a period of fiscal …
Read MoreEric Garcetti Nomination as Ambassador to India Slowly Advances
Los Angeles Mayor Eric Garcetti, who was selected by President Joe Biden as envoy to India, is finally expected to undergo nomination by the U.S. Senate. Concerning Los Angeles, this situation raises uncertainty about who would lead the city for the remainder of the year. This comes after Senator Chuck Grassley stated that he would …
Read MoreLos Angeles County Pushes for a Housing First Position on Homelessness
On Tuesday, the Los Angeles County Board of Supervisors moved to declare the County as supporting a ‘housing first’ approach to the homelessness crisis. According to the motion, a housing first approach is defined as a “model and approach recognizing that an unhoused person or family must …
Read MorePasadena’s Eviction Moratorium to be Lifted
At their April 11th meeting, the Pasadena City Council voted to begin the end of the city’s two-year-long eviction moratorium. The ordinance instructs the city attorney to prepare an ordinance that would sunset the city’s commercial and residential eviction moratoriums. The commercial eviction moratorium would …
Read MoreLA City Moves to Lift Vaccine Mandate
On Wednesday the Los Angeles City Council voted to rescind its longstanding COVID-19 vaccine mandate, signaling a final moment of recovery in the city’s historic struggle against COVID-19. The motion, which will have to be voted on again on March 30th …
Read MoreLA County Lifts Indoor Mask Mandate for Vaccinated Individuals
After COVID-19 and omicron cases have plummeted, Los Angeles County announced last week on Friday that it would officially lift its indoor mask mandate for vaccinated individuals. This comes after nearly two years of mask mandates …
Read MoreNew Real Estate Transfer Tax is Another Misguided Response to the Homelessness Crisis
Among one of the most high-profile election cycles in recent memory, voters could also take up a controversial tax hike, which could cost property owners upwards of $8 billion. The tax would add another real estate transfer tax …
Read More