Budget
What three steps would you take to help balance the city budget?
We have to expand our economy and make our existing revenue options perform better. Here’s what I’ll push for:
Roll back the gross receipts tax, create the Hollywood Innovation Zone, not spend more than we can afford.
1) Rolling back the gross receipts tax will roll out the welcome mat for businesses that are just waiting on the sidelines to come to Los Angeles. I hear from business owners everyday that they want to come back into L.A., but the gross receipts tax is just too strong of an economic disincentive.
2) Hollywood Innovation Zone - helping clean industries that already have roots in Los Angeles grow to innovate and create more good-paying jobs that support the services we need in our neighborhoods.
3) No matter the pressures, we can’t spend more than we can afford. We need to consistently find ways to provide critical City services more efficiently. We can also
work harder to reduce overall costs. For example, we can work with our city employees to collectively bargain for PEPRA-like reforms that will end the most egregious pension costs, like spiking and allowing corrupt politicians to collect a pension.