By Jack Humphreville, Neighborhood Council Budget Advocate
The Street Tax will cost an average of $150 million a year over the next thirty years.
Add the permanent Sales Tax of $200 million a year and the Storm Water Tax of $100 million (our share), we are getting slammed for $450 million.
We have already been hit up for the mayor’s tripling of the Trash Tax ($200 million), an additional $100 million for the DWP Transfer Fee as the tax was increased to 8% from 5%, the Communication Users Tax ($250 million); the Prop 30 sales tax ($100 million is our share), and Measure R ($200 million our share). This totals $850 million.
So we are at $1.3 billion for Angelenos and this does not include the higher income taxes.
Nor does it include that over the next 10 years, sewer rates are going up 77% and DWP rates are expected to double. That would increase that the Transfer Fee by another $250 million.
At the same time, the City Council has not made any real pension or work place reforms that will eliminate the Structural Deficit.
To save the City from insolvency, the City Council needs to place on the ballot a charter amendment that will require the City to LIVE WITHIN ITS MEANS. This would mandate that the City develop and adhere to a Five Year Financial Plan, pass two year balanced budgets based on Generally Accepted Accounting Principles, and over the next ten years, fix our streets and the rest of our infrastructure and fully fund our pension plans.