In about-face, LA council votes to pursue a ballot measure for ‘mansion tax’ reforms

The Los Angeles City Council voted to develop a ballot measure to reform the city's 'mansion tax' (Measure ULA), which taxes real estate sales over $5.3 million. Council President Marqueece Harris-Dawson cited declining housing construction since the tax's 2023 implementation, while opponents argued it could reduce critical funding. A coalition, including the California Community Foundation, supports reforms to restart housing development while preserving the tax's revenue.