Councilmember Krekorian is Chair of the City Council's newly created Ad Hoc Job Creation Committee and also sits on the Economic Development Committee. Throughout his tenure in office, Krekorian has worked to implement changes to the city’s policies that will make it easier to do business in Los Angeles, create good jobs and boost the city's vital economic sectors.
He has lowered and simplified the city's confusing business tax, supported tax relief for Internet based businesses and new car dealers, crafted legislation that encourages the City of Los Angeles to contract with local businesses, cracked down on illegal medical marijuana dispensaries, and pushed for a better, streamlined permitting process for new businesses.
Krekorian helped craft the City Council's final plan to raise the city's minimum wage, and took great pains to make sure it was done right, taking into consideration the wants and needs of working families, along with our small businesses and non-profit organizations.
Krekorian believes that development must be smart and balanced with the needs of neighborhoods. He has opposed all out of character development projects, especially in residential neighborhoods. He successfully led the charge to prevent mansionization in Studio City, expanded that to Valley Village and is working on creating a sustainable policy for the rest of the city. He has also worked to reduce the number of billboards in Los Angeles, to eliminate mobile billboards - long a headache for Valley residents - and persuaded phone companies not to build commercial cell towers in parks and in front of single-family residences.
Posted on Jun 01, 2020
For the past few days, my office has heard from Angelenos across the city regarding the Mayor's proposed budget. I appreciate all of those comments, and I welcome the public's engagement in fundamentally rethinking how government as a whole, and our city budget in particular, can best meet the needs of the people of Los Angeles.
Posted on May 21, 2020
Today’s budget presentation made clear that the City faces a financial challenge that is without precedent in our lifetime. The COVID-19 crisis has caused massive economic disruption, and with it a drastic decline in city revenues. Rapidly spiking unemployment, the shuttering of thousands of businesses and the virtually complete shutdown of tourism have led to a sudden and dramatic decline in city revenues from taxes on sales, business gross receipts, utility use, and hotel occupancy, among other things, that would have been unimaginable three months ago.
Posted on May 11, 2020
I've served as chair of the City Council's Budget and Finance Committee since 2012. At that time the City was still reeling from the Great Recession, and our budget faced deficits of hundreds of millions of dollars. Former mayor Richard Riordan even opined in the Wall Street Journal that Los Angeles would need to file bankruptcy by 2014.
Posted on Apr 20, 2020
The catastrophic loss of life from COVID-19 throughout our country and the world has been an immense tragedy that none of us will ever forget. Throughout the crisis, our Mayor and our Governor have shown tremendous leadership, which has been sorely lacking elsewhere in our national response. Our "Safer at Home" policies unquestionably have saved countless lives here in Los Angeles.
Posted on Feb 02, 2018
LOS ANGELES - The City of Los Angeles announced another record-breaking year for tourism, Port cargo and the city's economy in 2017.