Their vote on Wednesday green-lighted seven of the 13 for immediate clearance onto the ballot. The six others failed to achieve a unanimous vote, which is required to place ballot initiatives, and must be re-voted upon next week.
On the list of approved initiatives is a tax on medicinal marijuana, an increase in library funding, and a tax on oil extraction.
If passed, the oil extraction tax will add $1.44 to each barrel of oil extracted from Los Angeles county, a move that could raise more than $4 million per year. But don’t expect that to make too much of a difference at a pump, it works out to about $0.034 per gallon of crude oil.
From the Los Angeles Times:
The Los Angeles City Council decided Wednesday to ask voters to impose a tax on oil producers, approve a revamped pension plan for newly hired cops and firefighters, and create a watchdog agency at the Department of Water and Power.
The council has moved this week to have L.A. voters consider as many as 11 measures on the March 8 city ballot.
The measures would appear on a packed ballot that will also include contests for seven council seats and four seats each on the Los Angeles Unified School District board and the L.A. Community College District board.
Read the full article here.