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L.A. Now Live: L.A. residents may be asked to pay more taxes

October 31, 2012 |  8:08 am

With years of deficits looming, the Los Angeles City Council is preparing an urgent appeal to voters for more taxes to prevent further cuts in parks, police, fire and other services.

Times City Hall reporter Kate Linthicum will join L.A. Now Live at 9 a.m. on Wednesday to discuss the options the council is considering.

The council will take up four possible tax measures for the March ballot. The largest is a half-cent sales tax hike unveiled Tuesday by council President Herb Wesson that would generate an estimated $220 million a year and give Los Angeles one of the highest sales tax rates in the state.

"We've cut just about everything that we can cut," Wesson said, pitching his sales tax proposal. "I can't say if we do this we'll never have a budget shortfall again ... but this will help us for now if we're successful."

Other tax measures to be considered Wednesday include a property tax boost to pay for parks, higher levies on parking lots and increased taxes on real estate sales. Wesson said his tax plan would eliminate the need for the other tax proposals. And given the council president's record of getting controversial legislation through the body, his plan could prevail.