"The City Council has approved a June ballot measure that would temporarily raise the hotel tax. The 2028 Olympic Games create an opportunity, Councilmember Tim McOsker said, "to add some jet fuel to our visitor-serving community." The ballot measure advanced on Tuesday suggests a temporary 2% increase to the city's 14% transient occupancy tax - often called a bed or hotel tax - dropping to a permanent post-Games 1% increase starting in 2029."
""Two [percent] is a pretty significant jump, but it's a jump that's justified by the Olympics," McOsker said. The temporary 2% increase would yield $44 million per fiscal year in tax revenue, and the 1% increase would bring in half that after 2028, according to City Administrative Officer Matt Szabo. The money would be used for general city services such as emergency services, parks and sidewalk repairs, according to a draft ballot measure."
Los Angeles City Council approved a June ballot measure proposing a temporary 2% increase to the city's 14% transient occupancy (hotel) tax for the 2028 Olympic period, reverting to a permanent 1% increase beginning in 2029. The temporary hike is projected to generate $44 million per fiscal year, with the post-Games 1% yielding roughly half that. Revenue is designated for general city services including emergency services, parks and sidewalk repairs. Supporters framed the Olympics as an opportunity to boost visitor-related revenue. Critics warned the hotel industry faces higher wages and weak demand and that higher taxes could divert guests to nearby cities. The council also advanced a measure to close a tax loophole for illegal cannabis businesses.
Read at Los Angeles Times
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