Friday, November 30, 2007

LA County tax revenue could suffer with property value drop

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(11-29) 08:06 Pacific Time Los Angeles (AP) --

Falling existent estate values intend less place taxation grosses and the likeliness of a unit of ammunition of belt-tightening inch Los Angeles County over the adjacent two years.

County functionaries expect a 2 to 5 percentage addition in place taxation aggregations next year, which compares to 9 percentage this year, as the lodging marketplace cools.

County Head Executive Military Officer Bill Fujioka states he's preparing a study on the possible personal effects on the county budget as the first place taxation bank checks begin rolling in with the Dec. Ten deadline.

In the past five years, Los Angeles County place taxation grosses nearly doubled to $4.6 billion, helping to hike the county budget to $21.8 billion.

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Information from: Daily Breeze,

1 comment:

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