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The entirety of the tax hike resulted from $5.5 million the city must pay to developer Sinclair Haberman as part of a $75 million settlement, said City Council President John Bendo during a special meeting Tuesday night.
The City of Long Beach has proposed a 2023-24 budget with a 12.74 percent tax rate — the highest in several years and more than double the current 5 percent. The proposed spending plan totals …
Long Beach residents could be facing a double-digit tax hike in the coming fiscal year. The increase is primarily the result of a $5.5 million down payment on a $75 settlement with Manhattan …