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Los Angeles City Council proposes bond to fix streets

An effort is under way by local lawmakers to get a bond measure to fix damaged Los Angeles streets on the May ballot.
January 5, 2013 12:00:00 AM PST
An effort is under way by local lawmakers to get a bond measure to fix damaged Los Angeles streets on the May ballot.

The Los Angeles City Council needs to approve the 3$ billion 20-year bond measure by Jan. 30 to get it before voters.

Under the measure, the owner of a $350,000 home would pay about $24 more in property taxes the first year of the bond.

That property tax increase would peak at about $120 in ten years.

The most recent street services reports shows 38 percent of Los Angeles streets got failing grades.


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