LOS ANGELES — Rep. Karen Bass and Rick Caruso have each put forward expensive plans for expanding interim and permanent housing for homeless people, but the Los Angeles mayoral candidates have offered few specifics about how they would pay for them.
One possible way to fund these plans is a ballot measure going before city voters in November. Known as Measure ULA, or "United to House L.A.," the "mansion tax" would impose an additional tax on commercial and residential property sales that exceed $5 million.
The ballot measure would generate an estimated $600 million to $1.1 billion a year, according to a city analysis.
