CALIFORNIA | LOCAL
May 7, 2013 | By Jason Felch, Los Angeles Times
Two prominent defenders of Proposition 13 spoke out on Tuesday against "gimmicks" used by some companies to avoid paying additional property taxes when buying real estate in California. Responding to a Los Angeles Times story that ran Sunday, the presidents of the Howard Jarvis Taxpayers Assn. and the Small Business Action Committee said they would be open to narrow legislation to fix the law, which appears to allow such deals. The statements mark a shift for two organizations that have long led the fight against changes to Proposition 13, the 1978 ballot initiative that transformed property taxes in California and sparked a nationwide tax revolt.
CALIFORNIA | LOCAL
May 5, 2013 | Jason Felch and Jack Dolan
In 2006, billionaire computer magnate Michael Dell, one of the world's richest men, agreed to pay $200 million for the Fairmont Miramar Hotel, a beachfront landmark in Santa Monica that long has been a retreat for Hollywood starlets and U.S. presidents. A few months later, Dell tore up the contract. He still wanted the hotel. But his attorneys had found a simple way to reshuffle the deal to avoid a legal change in ownership. The maneuver saved about $1 million a year in property taxes -- an option available only to businesses, not homeowners, under the arcane rules governing Proposition 13. The Miramar deal illustrates how businesses can easily -- and legally -- avoid property tax hikes under the California ballot initiative passed in 1978.
CALIFORNIA | LOCAL
April 30, 2013 | By Phil Willon, Los Angeles Times
Federal agents searched the homes of Moreno Valley's mayor and City Council members and the offices of a major warehouse developer Tuesday as part of a broad public corruption investigation in a Riverside County town already singed by scandal. Agents with the FBI, Internal Revenue Service and local prosecutors served search warrants at the homes of Mayor Tom Owings and the four other council members and at the corporate offices of Highland Fairview, the company that has proposed a 41-million-square-foot warehouse center on the city's eastside.
NATIONAL
April 22, 2013 | By Matea Gold, Washington Bureau
WASHINGTON - President Obama's second inaugural committee raised a little more than $43 million to put on the official festivities surrounding his January swearing-in, backed by major donations from some of the country's biggest corporations, according to a report filed with the Federal Election Commission. The total brought in by the 2013 Presidential Inaugural Committee was $10 million less than the amount raised in 2009 for Obama's first inauguration, a reflection of the scaled-down nature of this year's event.
CALIFORNIA | LOCAL
April 15, 2013 | Seema Mehta
California Democrats on Sunday condemned efforts led by members of their own party to overhaul the nation's schools, arguing that groups such as StudentsFirst and Democrats for Education Reform are fronts for Republicans and corporate interests. Before delegates overwhelmingly passed a resolution excoriating the groups on the final day of the party's annual convention here, speakers urged them to focus on protecting students and teachers. "People can call themselves Democrats for Education Reform -- it's a free country -- but if your agenda is to shut teachers and school employees out of the political process and not lift a finger to prevent cuts in education, in my book you're not a reformer, you're not helping education, and you're sure not much of a Democrat," said state Supt.
CALIFORNIA | LOCAL
April 14, 2013 | By Howard Blume, Los Angeles Times
They hail from New York, the Silicon Valley, Arkansas, Los Angeles and elsewhere. They are a rich and diverse lot, including Republicans, liberals, Hollywood notables and international corporate executives. New York Mayor Michael Bloomberg, L.A. philanthropist Eli Broad, Netflix founder Reed Hastings, pomegranate juice titan Lynda Resnick, anti-Obama mega-donor A. Jerrold Perenchio and the widow of Steve Jobs. Together, they smashed records for spending by outside groups in last month's L.A. Board of Education elections.