L.A. council considers two tax increases and a pension change

The council may ask voters to raise the taxes on property sales and parking occupancy. The retirement age for new employees may also rise. Both plans draw opposition.

Despite years of raising fees, slashing the city workforce and cutting back on everything from swimming pools to sidewalk repairs, Los Angeles officials warn that the city's budget shortfall could top a quarter of a billion dollars next year without additional tax hikes and belt-tightening.

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