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June 30, 2016

L.A. Voters to Decide on $1.2 Billion Fund to Help Homeless

The Los Angeles City Council voted unanimously Wednesday to put a $1.2 billion bond measure aimed at combating homelessness on the November ballot, reports the Associated Press. If approved by residents, the fund would cover a decade’s worth of investment in shelters, permanent housing, and mental-health and substance-abuse services, as well as affordable housing for poor people in danger of becoming homeless.

The city’s homeless population has surged in recent years to 27,000, leading officials to declare a “state of emergency” on the issue and propose numerous projects to stem the tide. The measure, approved Wednesday, would repay the $1.2 billion in bonds through higher real-estate taxes that would cost property owners an extra $40 to $80 a year on average. The council is considering whether to replace that funding plan with a new parcel tax on property improvements.