As chair of the Budget and Finance Committee, Councilman Paul Krekorian told his colleagues it's time to get real about how the city of Los Angeles will close its structural deficit.
The tax that homebuyers pay when they purchase property in the city of Los Angeles would double next spring under a proposal to reduce the city’s ongoing deficit.
A measure to increase the city’s documentary transfer tax should appear on the March ballot, according to a recommendation from City Administrative Officer Miguel Santana. The proposal would increase the tax from $4.50 per $1,000 of a home sale to $9 per $1,000.
For the average homebuyer, that would increase the tax from $1,733 per home sale to $3,465.
During the housing boom that coincided with fiscal year 2005-06, the city received $217 million from the tax. That’s in contrast to this year, when budget officials expect to receive $150 million from the documentary transfer tax.
The projected deficit for fiscal year 2013-14, which starts July 1, is $216 million. Councilman Paul Krekorian, chair of the Budget and Finance Committee, told his colleagues that it's time to face reality.
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Singer Justin Bieber poses for fans while signing autographs at a press event at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center on January 11.
A paparazzo faces reckless driving and other charges in the Justin Bieber 101 freeway chase chaos of early July.
On Wednesday, Los Angeles City Attorney, Carmen Trutanich, issued this statement:
Paul Raef, 30, a self-employed freelance paparazzo, was charged with the following four charges: two counts of Vehicle Code section 40008 (a), for both following another vehicle too closely and reckless driving, with the intent to capture pictures for commercial gain; one count of reckless driving; and one count of failing to obey the lawful order of a peace officer. If convicted, Defendant Raef could face up to one year in the county jail and fines totaling $3,500.
In determining whether to file charges, the City Attorney’s Office considered, among other things, the Defendant’s disregard for the safety of others on the road and the Defendant’s prior criminal history.
The case represents the first prosecution in the State under AB 2479. In 2010, the California legislature passed AB 2479 (D-Karen Bass), which imposes additional penalties on paparazzi driving dangerously in search of photos or video images for commercial gain. Arraignment is scheduled for August 9 in Department 103 of the Van Nuys Superior Court.
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18-year-old Justin Bieber was pulled over by CHP officers near Vineland and Ventura on Friday morning for recklessly driving his Leonardo DiCaprio-championed luxury hybrid Fisker Karma on the 101 Freeway.
The star-studded citation doesnt end there, however. The witness who called 911 on the teenager was L.A. City Councilman Dennis Zine, a former LAPD motor officer for 18 years.
Zine told KPCC's Alice Walton he was cruising the 101 at about 65 mph when he spotted the pop star "coming up like a rocket ship," followed by a group of cars.
The councilman, who likened the incident to "a chase scene," believes if it would have continued, "someone would have been injured or killed," saying, "I’ve seen too many dead bodies...I take this very personal because I’ve seen the consequences of this type of behavior."