Business San Fernando Ca

Tuesday's municipal election was only the first of many steps to define the future of Los Angeles--and, by extension, all of Southern California. The key issue on the ballot was Proposition 8, to open up Los Angeles' 72-year-old city charter to a reform process that will take two years. Although victory was not yet decided on Tuesday evening, Proposition 8 was passing overwhelmingly, thanks especially to voters in the San Fernando Valley. The Valley's business community and most of its 1.

What once was a small private airport in San Fernando has since been turned into a million-dollar source of revenue for the small city in the northeast Valley. A shopping center anchored by a Home Depot and a Sam's Club store along the south side of Foothill Boulevard generates more than $600,000 a year in sales tax revenue to the city. That's about 15% of San Fernando's $4.1 million in annual sales tax revenue, according to Steve Klotzsche, city director of administrative services.

What once was a small private airport in San Fernando has since been turned into a million-dollar source of revenue for the small city in the northeast Valley. A shopping center anchored by a Home Depot and a Sam's Club store along the south side of Foothill Boulevard generates more than $600,000 a year in sales tax revenue to the city. That's about 15% of San Fernando's $4.1 million in annual sales tax revenue, according to Steve Klotzsche, city director of administrative services.

Tuesday's municipal election was only the first of many steps to define the future of Los Angeles--and, by extension, all of Southern California. The key issue on the ballot was Proposition 8, to open up Los Angeles' 72-year-old city charter to a reform process that will take two years. Although victory was not yet decided on Tuesday evening, Proposition 8 was passing overwhelmingly, thanks especially to voters in the San Fernando Valley. The Valley's business community and most of its 1.