Los Angeles Voters Back Measure TE With 62% Support, Carving Palisades Fire Sales Out of Measure ULA Through 2030

Measure TE, which exempts sales of Palisades Fire-damaged homes from Los Angeles' Measure ULA transfer tax through January 2030, is passing with 62.3 percent of the vote, giving fire-affected owners a five-year break while the city estimates its housing fund could lose $35 million to $66 million.