Soooo, dear taxpayers, work VERY hard today so you can pay your stimulus taxes which governments will then sell at a huge discount.
Link
The city of Rolling Hills, population 1,900, sold its $500,000 share to the city of Rancho Palos Verdes for $305,000 cash. The city of Avalon has reached an agreement to swap its $500,000 with L.A. County.
Sierra Madre was courted by Pasadena, Arcadia and El Monte, but rather than take general fund money, has tentatively agreed to swap its $500,000 in stimulus funds for an equal $500,000 in future Measure R funds with nearby La Canada Flintridge.
Temple City and Hidden Hills have also been contacted by hopeful buyers, but have not yet given notice of any kind of deal, according to MTA officials.
