Los Angeles "Mansion Tax" generates $1B, with only 10% spent

Name: Los Angeles "Mansion Tax" generates $1B, with only 10% spent
Uploaded: 2026-01-19T18:56:51Z
Duration: 53 s
Description: Max Gorden reports live from Los Angeles on the "Mansion Tax," which has raised over $1 billion but has only seen 10% of the funds spent so far. The tax, known as Measure ULA, imposes a 4% transfer tax on properties over $5.3 million and 5.5% on those over $10.6 million, intended for affordable housing, homelessness prevention, and renter assistance.

Varney & Company · FBN · Jan 19, 2026 · 53s

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Max Gorden reports live from Los Angeles on the "Mansion Tax," which has raised over $1 billion but has only seen 10% of the funds spent so far. The tax, known as Measure ULA, imposes a 4% transfer tax on properties over $5.3 million and 5.5% on those over $10.6 million, intended for affordable housing, homelessness prevention, and renter assistance.