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Greenlit By More Than 500,000 Voters, Measure ULA Is Unpopular With the City’s Real Estate Pros
Evaluate ULA, a so-termed Mansion Tax in Los Angeles, has been eco-friendly-lit by practically 58{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} per cent of the city’s voters in a referendum this month, regardless of remaining panned by many in the real estate marketplace. Critics in the market have argued that Los Angeles people are already around taxed, and that the evaluate will be an additional weight on the current market and won’t fix the really issue it’s making an attempt to tackle. The evaluate, which was on the Nov. 8 ballot, is anticipated to generate an believed $900 million a yr to support homeless folks in Los Angeles by rising the transfer tax on significant-conclude property…