A property tax case that is about ten years old, could cost the people of Los Angeles county, the tax payers, forty five million dollars. Just this past June, LA County which is just north of Orange County, lawyers were preparing for what may be some of the largest payouts regarding the class action law suit regarding that tax of one hundred and seventy two million dollars. This was a tax on utilities that was an illegal tax, imposed in 1991, without ever having been placed on a voting ballot.
Changes in taxes is required by law, to be up for a vote. LA County was in the process of cutting budgets and tightening the belt on spending in response to the continued poor state of the economy, and this settlement is now going to cost them millions and millions. … Read the rest