Budget and Finance Committee meeting summary
At a glance
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The Committee approved CAO recommendations on funding and positions to support LAPD sworn hiring (as amended), advanced several revenue measures for the June 2026 ballot (including increases to the Transient Occupancy Tax and Parking Occupancy Tax and cannabis tax parity), approved Option 3 and CAO recommendations on wildfire rebuilding fee waivers and requested a new ordinance, authorized $255 million in MICLA lease revenue bonds for capital equipment and real property, concurred with Public Safety Committee actions on ambulance and Police Commission fee changes, approved various legal and administrative reports, and continued the ADA fee‑for‑service study.
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What this means
The committee moved forward multiple proposals that could increase city revenue if voters approve ballot measures and approved financing to buy equipment and property that supports city operations. It approved a plan for hiring and funding for more sworn police positions (as amended), and agreed to changes that raise some ambulance and public safety‑related fees. The committee also advanced fee waivers and an ordinance related to reconstruction after the January 2025 wildfires, approved removal of certain delinquent housing receivables, and postponed a study about charging City departments for disability‑access improvements. If approved by voters, the ballot measures would raise money for City services; MICLA bonds are lease‑revenue bonds the City uses to fund capital purchases and repay over time.
Key decisions
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- Approved CAO report on funding options and positions to support LAPD sworn hiring (as amended).
- Approved placing a Transient Occupancy Tax increase on the June 2, 2026 ballot.
- Approved placing a Parking Occupancy Tax increase on the June 2, 2026 ballot.
- Approved Cannabis Business Tax parity for the June 2, 2026 ballot.
- Approved Option 3 and CAO recommendations on waiving fees for reconstruction after the January 2025 wildfires and requested the City Attorney prepare a new ordinance.
- Authorized issuance and sale of MICLA Lease Revenue Bonds, Series 2026-A, in a principal amount of $255 million and approved related documents.
- Concurred with Public Safety Committee actions to increase emergency ambulance fees and to revise Police Commission and business permit fee schedules.
- Approved the Collections Board of Review report removing certain delinquent accounts receivable submitted by the Los Angeles Housing Department.
- Continued the Special Study on an ADA fee‑for‑service program to a future date.
- Approved multiple legal/settlement and contract items in open session, and considered several matters in closed session as noted in the minutes.
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