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Los Angeles City Council Considers Two Tax Increases and a Pension Change
Los Angeles Times Aug. 22, 2012 "For months, analysts and elected officials have been signaling that both tax increases and an overhaul of the employee pension system will be needed to keep the city afloat. On Tuesday, faced with the latest deficit forecasts, the City Council moved toward putting two tax increases on the March ballot and raising the retirement age for new employees, among other changes to the pension formula." |
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