Local Legislation
3 Grocery Stores to Shut Down after City Council approves Hazard Pay Ordinance
After the City voted to approve a mandatory $5 hazard pay ordinance for grocery and retail businesses on March 3rd, 3 major LA grocery stores announced that they will be forced to shut down. Councilmember John Lee, who voted to reject the …
Read MoreLA City Rejects Vacancy Tax for Now, But Will Consider it for 2022
Fortunately, during Wednesday’s Special Meeting, the Los Angeles City Council moved to stall consideration of their vacancy tax. Originally, the motion called for placing the vacancy tax on the November 2020 ballot. However, Councilmember Mike Bonin, the main advocate behind the tax, admitted that there …
Read MoreVacancy Taxes are Ineffective and Harmful
The Los Angeles City Council has studied the feasibility of vacancy taxes to reduce empty properties. In effect, this tax would create punishments and taxes despite many owners who are genuinely attempting to sell their space. Though, as seen in other cities, a fee with the intent to punish property owners will have a host of other effects that will undermine the ability for property owners to do business.
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