Tax measure on Rancho Palos Verdes city ballot
In the wake of its move to loan Terranea Resort $8.2 million in hotel tax revenue, the Rancho Palos Verdes City Council has moved to put a measure on the November ballot that would raise that tax rate. If approved by a majority of voters, the measure would increase the transient occupancy tax - or TOT - from 10 percent to 12 percent, putting the city’s rate in line with other coastal communities with major hotels.