LA County Supervisor seeks split-roll tax reform to raise business taxes
Los Angeles County Supervisor Ed Edelman proposes higher assessment ratios for business and industry to fund regional needs while urging a statewide split-roll system. The plan, to be reviewed next Tuesday, would tax income producing property at a higher rate than residential property, shifting tax burdens according to market value and income generation. Edelman cites rising share of taxes paid by nonresidential property and warns current rules strain homeowners despite reductions in recent years.
MENTIONED IN THIS ARTICLE
Los Angeles
Ed Edelman
California
Edelman
Kenneth Hahn
State Department of Finance
Los Angeles County
Truck crash award of 284000 to Los Angeles boy
A jury awarded 284000 to Lynon Soils Jr. of Los Angeles after a rear end collision on the Harbor Freeway near Carson Street on March 22 1972. Soils a truck driver suffered a herniated disk and remained in pain. Oilfields Trucking Co. of Bakersfield was ordered to pay the award.
MENTIONED IN THIS ARTICLE
Harbor
Lynon Soils Jr
Los Angeles
Soils
Carson Street
Oilfields Trucking Co
Bakersfield
Californians to gamble in Las Vegas style under new amendment
Robert W. Wilson of Sherman Oaks filed petitions to place a constitutional measure before voters allowing Las Vegas style casino wagering in Adelanto and Lakeport. Parimutuel horse racing would be legal statewide. Adelanto and Lakeport would be the designated casino towns with supporters planning a council vote tonight.
MENTIONED IN THIS ARTICLE
Robert W. Wilson
Sherman Oaks
Attorney General's Office
Wilson
Adelanto
San Bernardino County
Lakeport
Lake County
California
Atelano
Interstate 14
Las Vegas
Reno
Hayakawa backs treaty amid California tax clash
Sen. Hayakawa defended a U S Britain treaty to end state taxation of multinationals under a unitary system with related income from elsewhere. California officials warned the measure would cost about 120 million in state taxes while critics argued it infringes on states rights and could let British firms avoid taxes.
MENTIONED IN THIS ARTICLE
Washington
Sen. St. Hayakawa
Calif
United States
Britain
California
Caifornia
Franchise Tax Board of
Senate Foreign Relations Committee
Hayakawa
Calfornian
Don Edwards
San Jose
Brown
Edwards
Alaska
Palwards
University of Santa Clara Law School
Jerome M. Zeifman
Kenneth G. Ainsworth
California housing boom cools as panel hears economist
At a joint California legislative hearing, Maurice Mann of the Federal Home Loan Bank of San Francisco said housing price increases are moderating and may align with inflation. He predicted 20 000 to 25 000 housing units this year and warned against a repeat crash, noting higher mortgage lending and tighter lending rules for nonowner-occupied homes.
MENTIONED IN THIS ARTICLE
San Francisco
California
Maurice Mann
Federal Home Loan Bank of
Mann
John Holmdahl
D-Alameda
Manin
Bill Leonard
Ihman Construction Co
Concord
Anthony Frank
The
4Fornia Savings and Loan League, Agre
Man arraigned in theft at LBSU funds
Long Beach State University former Associated Students business manager W Jeffey Lakes, 34, was arraigned Wednesday on grand theft charges tied to about 13000 dollars in student funds. He resigned June 23. A preliminary hearing is set for August 3. he posts bail of 2.50 dollars and remains free.
MENTIONED IN THIS ARTICLE
W. Jeffey Lakes
Associated Students
Long Beach State University
Lakes
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Ataa
Jean Besen
Vegas
DMNV
U.S
Sacramento
Herman Silas
California Department of Motor Vehicles
Alan Cranston
Cranston
Silas
California Energy Commission
Bob Moretti
Commission
Catalina
Carta
Bagat
Snols & Gans
Gil
Namns & Frank
Hams & Frank
Master Crarge O
American Exress
Lakewood Center
Stonewood Center
Lakewood Downey
Frank
Lbsu
Carlfaee
HESIS
Quarry Ei
Long Beach
Long Beach Blvd
Mon
Fki
Sun
Westmanster
Beach Blvd
Bellflower
Lakewood Blvd
Mon Fei
Cerritos
Dowrey
Firestone
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