Denny Zane in the LA Times: Fortune—and LA Voters—Favor the Bold


Los Angeles voters were in an especially giving mood. (Photo: Press at the post-victory Measure M press conference.)

Four major tax measures, clustered near the bottom of the ballot, sailed to victory in Los Angeles on election day, mostly by dizzying margins.

Voters embraced $94 million per year for parks, $1.2 billion to house the city’s homeless, $3.3 billion for community college facilities and a stunning $120 billion to pay for subways, light rail lines and other transit projects over 40 years. Those measures, backers say, will help Los Angeles tackle two of its most intractable problems — traffic and homelessness — and potentially reshape the region.

Read more in the LA Times.

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