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Herb Wesson
Mayor Garcetti says L.A. discussing ballot measure on business tax
Mayor Garcetti says L.A. discussing ballot measure on business tax

Los Angeles Mayor Eric Garcetti said Thursday he and other elected officials were exploring the possibility of a ballot measure that would eliminate the city's tax on business receipts and replace it with a different tax on companies. Garcetti, who has been pitching a plan for raising the minimum wage to $13.25 per hour by 2017, said talks have been taking place at City Hall about a tax proposal that could reach the voters as soon as March. Eliminating the gross receipts tax outright would devastate the city's budget, depriving it of about $450 million annually. Garcetti said officials were considering a replacement tax that would ensure that the city could continue providing...

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