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Article: L.A., Long Beach ports fend off profit-boarders from Sacramento. (Los Angeles, California)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 6, 1992
- Author:
CopyrightCOPYRIGHT 1992 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The wealthy ports of Los Angeles and Long Beach, increasingly considered rich uncles by many Sacramento legislators trying to balance the state budget, were dodging a legislative crusade last week to disgorge half their profits, which would amount to a $75 million bite this year.
It was a nip-and-tuck effort at press time Thursday afternoon. Rumors were flying in Sacramento that the plan, first embodied in Senate Bill 1565 and then ripped out of that bill on Wednesday, would be resurrected in a new one.
"We were successful Wednesday, but I'm afraid it may be short-lived," said City of Los Angeles lobbyist Ann Blue. She joined port lobbyists and port-area ...