"The City Council approved postponing the minimum wage increase by 18 months, until after the 2028 Olympics. A business coalition had put a measure on the November ballot that would have eliminated the gross receipts tax, which is the city's second-largest revenue stream. In return for the minimum wage delay, the coalition will withdraw the ballot measure."
"On Tuesday, the City Council approved the 18-month delay, which will postpone the wage increase until after the 2028 Olympics and fend off the business-backed initiative to eliminate the gross receipts tax, which is the city's second-largest revenue stream. The minimum wage will still increase to $25 in July and continue in increments until reaching $30 in January 2030. Because the 11 to 4 vote was not unanimous, the new pay schedule will head to a second vote next week."
"In May 2025, the council approved a proposal that would have increased the minimum wage to $30 in July 2028 and also raised an hourly payment for healthcare coverage. In response, a coalition of airline and hotel businesses gathered enough signatures to place a measure on the Nov. 3 ballot that took aim at the city's gross receipts tax, which is imposed on a vast array of businesses, including entertainment companies, child-care providers, law firms, accountants, healthcare businesses, nightclubs and many others."
"If approved by voters, the measure would have stripped $740 million from the city's general fund over the first year, according to city officials, and over five years would have amounted to a $860 million loss annually on average. City officials, hotel and airport"
Los Angeles City Council approved an 18-month delay for the $30 minimum wage for hotel and airport workers, postponing the increase until after the 2028 Olympics. The wage schedule still rises to $25 in July and continues in increments until reaching $30 in January 2030. The council vote was 11 to 4, with four councilmembers opposing. The delay was linked to a business coalition withdrawing a November ballot measure that would have eliminated the city’s gross receipts tax, its second-largest revenue stream. City officials estimated the measure would have removed $740 million from the general fund in the first year and averaged $860 million in annual losses over five years. The gross receipts tax applies to many types of businesses, including entertainment, childcare, legal, accounting, healthcare, and nightlife.
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