Transparency, Trust, and Transformation:
Did you know that the City of Los Angeles has almost $9 billion in cash set aside for special purposes ranging from operating our airport to putting microchips in pets in our animal shelters? These "special funds" dwarf the $800 million we have in the General Fund, but few people know much about them. My office is leading the charge to investigate how these funds are being spent and regulated. So far, we've found that there are redundant and unnecessary funds, little City Council oversight, and forgotten funds that aren't being spent at all. There's a lot of work to do, but I'm determined to make the City government's use of special funds more effective, flexible, and transparent to meet the needs of all Angelenos.
There are more than 1,500 medical marijuana dispensaries across our City, and starting in January, recreational marijuana use will be legal in California. Where are all these dispensaries? Are they playing by the rules and paying their business taxes? To prepare us for the new “green rush,” which could bring us $50 million in new tax revenue, I mapped L.A. dispensaries and gave advice to the City Council on how to make sure they’re safe, legal, and paying their fair share.
Read moreKABC: City Controller Says L.A. Could Reap $50 million a Year in Taxes from Marijuana Sales
My News LA: L.A. City Controller predicts pot shop tax collection will be difficult
Los Angeles Daily News: L.A. may let marijuana businesses grow to the tune of $50 million in tax revenue
L.A. City Controller Ron Galperin