tax base

Advocates for the entertainment industry have argued a similar case, saying the loss of local film and television shoots is having a ripple effect on the economy — and weakening the city’s tax base.

Over time, fewer big transactions means less funding for all public agencies and programs that rely on L.A.’s tax base: schools, community colleges and the county and its safety-net programs.

The well-to-do and resourceful residents of Palisades are important to the city’s tax base and cultural life, but they have options, he said.

“������ I mean by a ‘dying’ town: there is no tax base, and no infrastructure, really.

“I mean it brought tax base back to the city,” says Mr Simon, who still lives and works in Baltimore.