City Council

(19) 23­0829 BUDGET, FINANCE AND INNOVATION COMMITTEE REPORT relative to the effectiveness of the County of Los Angeles’ (County) collection of the Documentary Transfer Tax (DTT) and Measure ULA receipts. Recommendations for Council action: 1. NOTE and FILE the Office of Finance report dated August 8, 2024, relative to the effectiveness of the County’s collection of the DTT and Measure ULA receipts, inasmuch the report was for information only. 2. INSTRUCT the Office of Finance to report to Council on: a. The process and options to revisit the City’s DTT valuation adjustment. b. An analysis to determine if it is worthwhile to negotiate with the County for a software upgrade to alleviate staff workload on processing and separating DTT and Measure ULA receipts, or if the work can be done utilizing a third­party. Fiscal Impact Statement: Not applicable.