Mathetude » L.A. Unified expected to reap 'multimillions' in lawsuit win over property taxes

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L.A. Unified expected to reap 'multimillions' in lawsuit win over property taxes

nitajo sumitted ago via http://latimesblogs.latimes.com (Views: 53, Clicks: 0) View Story

A long-running legal battle over local property taxes has ended in a court decision that will mean a multimillion dollar windfall for the Los Angeles Unified School District. But estimates of the amount vary dramatically — from about $20 million in the near term to $1.14 billion in years to come.

1 comments | Tags: los angeles california los angeles unified school district property taxes school funding | Topic: Other BAD >_<

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#1 by nitajo posted ago

+1 apples

The legal case centered on how to divide the increasing property taxes in redevelopment zones. Cities and counties create these zones to revive areas defined as blighted. The proceeds of rising property taxes are divided according to a complex formula. L.A. Unified argued that the county and other agencies were shortchanging schools.

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