Smart Data Sharing: A Path to More Revenue
This report, Smart Data Sharing: a Path to More Revenue, focuses on key receipts, such as taxes on sales, property transfers, real property – inclusive of receipts previously distributed to redevelopment areas – and business personal property.
We documented between $19.6 to $21.6 million in estimated annual, ongoing City General Fund receipts foregone as a result of current practices by the City, the responsible agencies, or both. Since Los Angeles County receives a portion of some of these same revenues, its losses were estimated to be at least $6.5 million per year for just some of the revenues covered in this audit report. These estimates are extremely conservative, due to lack of County data necessary to quantify amounts. Certain losses identified in this report are not quantified at all, due to lack of data, but are nonetheless likely to be material.