City Council

(59) 24-1100-S4 RULES, ELECTIONS AND INTERGOVERNMENTAL RELATIONS COMMITTEE REPORT, COMMUNICATION FROM THE CITY CLERK, RESOLUTION, and ORDINANCE FIRST CONSIDERATION relative to an initiative regarding limits on healthcare executive compensation. RULES, ELECTIONS AND INTERGOVERNMENTAL RELATIONS COMMITTEE REPORT Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: PRESENT and ADOPT the accompanying ORDINANCE, dated August 14, 2023, calling a Special Election on Tuesday, March 5, 2024, for the purpose of submitting to the voters of the City of Los Angeles a certified initiative ordinance regarding limits on healthcare executive compensation, and consolidating this Special Election with the City’s Primary Nominating Election and the State Primary Election to be held on the same date, unless proponents request to withdraw the initiative from the ballot. COMMUNICATION FROM THE CITY CLERK Recommendation for Council action: ADOPT the accompanying RESOLUTION withdrawing a citizen-sponsored initiative from the March 5, 2024 ballot regarding the following subject: limits on healthcare executive compensation. Fiscal Impact Statement: The City Clerk reports that for the March 5, 2024 Primary Nominating Election, there is approximately $15.5 million in the current Fiscal Year 2023-24 budget for both the County of Los Angeles and the City of Los Angeles election-related costs. If this Initiative Ordinance is withdrawn from the March 5, 2024 ballot, there will be a negligible reduction of election expenses.