New LA Mansion Tax collects less revenue than expected in 1st year

After its first year of existence, Los Angeles' so-called Mansion Tax has collected $215 million to be used for affordable housing projects in the city, well short of the revenue that supporters pitched when it was on the ballot in 2022. Full story: https://abc7.com/los-angeles-mansion-tax-measure-ula-collects-less-revenue-than-expected/14618564/