For the past few weeks, canvassers have been flooding L.A. neighborhoods with fliers and signage advertising a proposed solution to the city’s $1 billion budget deficit.
The so-called “Save Our Services” coalition argues that permitting more short-term rentals in the city will generate tens of millions in annual local tax revenue from tourists.
Members of the coalition include chambers of commerce, labor unions and community groups, according to the campaign’s website . Missing from that literature is the name of the company organizing and funding the campaign: Airbnb.
The company, which operates the world’s largest platform for short-term rentals, confirmed its involvement to LAist Wednesday, after it was first reported by the L.A. Times.
“It’s pretty simple: new tax revenue fro