Voters nearly had a chance to gut the 'mansion tax.' Now, L.A. approves $544 million in spending
Key takeaways
- The Los Angeles City Council on Friday approved a plan to spend $544.3 million collected from Measure ULA, the so-called “mansion tax” that levies a transfer tax on L.A. property sales above $5.3 million.
- The spending plan, set to be doled out during the 2026 fiscal year, is the largest allocation of Measure ULA funds so far — roughly 28% higher than last year’s budget.
- The approval arrives on the heels of a legislative challenge that would’ve given L.A. voters the chance to gut the measure on the November ballot.
Los Angeles, CA - December 10: Sofia Mendoza, 50, holding a sign stands a press conference about how Measure ULA funds will be used to promote affordable housing, tenant protections, at City Hall. (Ringo Chiu/For The Times) By Jack Flemming Staff Writer Follow June 26, 2026 1:43 PM PT 4 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
See more from the L.A. Times in Google Search. Set us as preferred
The Los Angeles City Council on Friday approved a plan to spend $544.3 million collected from Measure ULA, the so-called “mansion tax” that levies a transfer tax on L.A. property sales above $5.3 million.