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City council keeps proceeds from police property sales in general fund, rejects dedicated police capital trust
Summary
After extended debate, the council voted to place proceeds from sales of vacated police facilities into the general fund and the respective council district trust funds rather than a citywide dedicated police capital fund.
The Los Angeles City Council voted to direct proceeds from sales of vacated police department properties into the city's general fund and the respective council district real estate trust funds, rejecting a proposal to place all proceeds into a dedicated police capital facilities trust.
Council Member Misakowski had introduced a minority recommendation to use sale proceeds to build a small, guaranteed capital fund dedicated to police facilities. She argued such a fund would create a reliable stream to pay for renovations and repairs after recent bond measures…
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