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Trash fees.


As he gears up to present his first city budget this week, L.A. Mayor Antonio Villaraigosa Antonio Ramon Villaraigosa (born Antonio (Tony) Ramon Villar, Jr. on January 23, 1953) is the mayor of Los Angeles, California. He is the first Latino mayor of Los Angeles since Cristobal Aguilar in 1872.  announced plans to seek an increase in city trash pickup Pickup

A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup."

Notes:
When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their
 fees to fund the hiring of 1,000 more police officers.

Under Villaraigosa's plan, monthly trash fees for homeowners and owners of small apartment buildings (four units or less) would increase to $18 from the current $11 as of July July: see month.  1 and them would increase each year until they reach $28 per month on July 1, 2009.

At that level, the fee would generate an additional $128 million that would then be used to hire 1,000 more police officers in the next five years. Currently, the city has about 9,200 officers on the police force.

Villaraigosa said the trash fee hike was needed because the city was facing a persistent Permanent. See persistent data, persistent name and persistent object.

persistent - persistence
 structural budget deficit that is projected to reach $300 million next year. He said he chose the trash fee increase because the city charges among the lowest rates for residential trash collection among L.A. County cities.

But critics of the plan said that the fee is just one of many imposed on- homeowners in recent years that collectively impose a significant financial burden. Specifically, homeowner groups say they were being unfairly targeted to subsidize sub·si·dize  
tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es
1. To assist or support with a subsidy.

2. To secure the assistance of by granting a subsidy.
 expanding the police force when a majority of city residents are renters. The money to boost the police force should be round within the city's current budget, they said.
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Title Annotation:Mayor Antonio Villaraigosa plans to increase city trash pickup fees to fund the hiring of police officers
Comment:Trash fees.(Mayor Antonio Villaraigosa plans to increase city trash pickup fees to fund the hiring of police officers)
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1U9CA
Date:Apr 17, 2006
Words:243
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