L.A. supes threaten suit

They say they'll go to court if state lawmakers pursue plans to seize local redevelopment and highway taxes to cover the budget deficit. Other local governments are expected to take similar actions, which could derail the budget deal before it even reaches the Assembly and Senate. A key portion of the budget agreement involves the redirection of taxes from the county to the state. From the LAT:

Under the budget agreement state leaders reached Monday, Los Angeles County stands to lose $109 million in gas taxes and $313.4 million in redevelopment project funds next year. If redevelopment projects were extended 30 years, as some have proposed, the county could lose more than $8.2 billion. The state budget proposal would also cut millions in county health and social service funding, including $53.3 million from CalWorks, the welfare program for families, $22.1 million in substance abuse crime prevention, $21 million for mental health managed care and $5.7 million in AIDS/HIV treatment and prevention, county leaders have said.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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