Los Angeles to Vote Nov. 8 on New Tax Initiative to Fund More Homeless Housing

Homeless encampment fires create smoke in Los Angeles, Calif., on Jan. 2, 2022. John Fredricks/The Epoch Times

LOS ANGELES—A new tax proposal will be on the Nov. 8 ballot for Angelenos to vote on, which if passed, would create additional homeless housing from a new tax. According to early polls, homelessness is the top issue of concern for Angelenos heading into the election.

Initiative Ordinance “ULA” proposed enacting a 4 percent property sales tax on all properties that are sold for over $5 million. The tax increases up to 5.5 percent on properties over $10 million and all funds will go toward affordable housing for the homeless.