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Finance proposes revenue push: tax‑discovery hires and LA Tax replacement to generate millions
Summary
The Office of Finance urged the committee to authorize staffing and one‑time funding to expand a tax discovery program and bolster collections, and to fund a modernization program ("LA Tax") to replace an aging tax administration system. Finance estimates the proposed steps could yield roughly $20 million in additional revenue over the next year
The Office of Finance asked the Budget and Finance Committee for a targeted, revenue‑first response to the city’s budget shortfall: add staff to find unregistered businesses, amplify collections on at‑risk receivables, and invest one‑time dollars to replace the city’s aging tax administration system.
Why it matters: The finance pitch is a classic municipal response to a shortfall: small investments to unlock recurring revenue. Committee members were receptive but asked for precise implementation memos and instructions on how quickly hires could be filled.
What Finance…
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