Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.misc From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: San Marino Utility Tax Approved Date: Fri, 20 Nov 92 06:36:51 EST Message-ID: HEADLINE: San Marino Utility Tax Approved Publication Date: Thursday November 19, 1992 BYLINE: Faced with an $800,000 budget deficit in fiscal 1993-94, the City Council has unanimously approved a utility tax to help close the gap. Under the ordinance approved last week, residents and businesses will be taxed a minimum 5% on their electricity, gas, water, phone and cable TV bills. A decision on the exact percentage--which could be higher--will be made by resolution before the council's meeting Monday. At 5%, a homeowner paying $290 for utilities would be taxed $14.50 a month; a business paying $685 a month would have an extra $34.25 in taxes. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM