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Mayor Paul Seo: City will ask voters to raise hotel tax to 13% in November
Summary
Mayor Paul Seo said the City Council voted to place a proposal to raise the transient occupancy tax (TOT) from 10% to 13% on the November ballot; he said revenue would stay with the city and be subject to strict oversight.
Mayor Paul Seo said Rancho Palos Verdes will ask voters in November to increase the city's transient occupancy tax from 10% to 13% to generate revenue the city will retain and oversee.
"So we're increasing the TOT from 10 to 13%," Mayor Paul Seo said, explaining the city council approved placing the measure on the ballot. He said the revenue "is gonna come to the city. Nobody else gets that money" and that the council expects strict oversight of the funds.
Supporters on the council argued the tax would provide dedicated funding for local priorities, while Mayor Seo said the measure would allow the city to capture visitor-related revenue for local services. The mayor did not provide a precise projected revenue total or a spending plan during the interview; he said details will be part of the council and staff work ahead of the election.
If approved by voters, the increase would apply to short-term lodging in the city and be collected at the point of sale. Mayor Seo framed the measure as a local funding tool, not a state distribution, and said the council chose to put only the TOT measure on the ballot after deliberation.
