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Wrong Larry Kosmont?

Mr. Larry L. Kosmont

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Background Information

Employment History


Kosmont Companies

Chief Executive Officer and President

Kosmont Companies


Kosmont Companies


Kosmont Companies of Los Angeles

President and Chief Executive Officer

Kosmont Cos. of Los Angeles

Director of Community Development

Bell Gardens

City Manager

Bell Gardens

Burbank's Director of Community Development

Bell Gardens

President and Chief Executive Officer



Kosmont Companies of Los Angeles

Member of Advisory Board
Leadership LA Foundation

Board of Governors Member

Web References (36 Total References)

Larry Kosmont of ... [cached]

Larry Kosmont of Kosmont and Associates who publishes an annual guide on the most expensive cities in which to do business, said he believes the city is asking for trouble with the proposed tax increase.

"I think it's problematic for Los Angeles," Kosmont said.
Kosmont said the biggest problem with sales taxes is they are so regressive - hitting the poor and middle class the hardest, which is why cities have tried to avoid raising the tax.
But, he said, with the loss of Community Redevelopment Agencies that provided some funding for programs and the difficulty in raising other taxes, the sales tax has become the latest target of public officials.

Larry Kosmont, principal at ... [cached]

Larry Kosmont, principal at Kosmont Companies.

Compass On Business - How U.S. Cities Stack Up on Business Taxes [cached]

The cost ratings are based largely on business taxes, sales taxes, property taxes, electric and telephone taxes and state corporate income taxes. (Business taxes include gross receipts and payroll taxes for firms that typically occupy office, retail and industrial space as well as charges for nonresidential and residential landlords.) The tax categories in the survey affect companies of all sizes; that's why they were picked, says Larry Kosmont, CEO and president of Kosmont Companies.

Why L.A. Is Bouncing Back by Joel Kotkin [cached]

This disparity, suggests consultant Larry Kosmont of the L.A.-based consulting firm Kosmont and Associates, reflects the higher costs imposed by Los Angeles's expansive bureaucracy and larger welfare population.Equally important, says Kosmont, who has served as Burbank's director of community development and Bell Gardens' city manager, is that smaller cities have more responsive governments.No wonder, since most have populations under 100,000, compared with 3.5 million in L.A. proper.They don't suffer from the paralyzing balkanization that affects the Los Angeles city government, dominated by a 15-member city council whose constituents live in far-flung and wildly differing districts.Councilmen from the east and south sides of L.A., for example, oppose growth in the entertainment industry, since it doesn't directly benefit their districts.By contrast, Kosmont says, the councils in smaller cities, for obvious reasons, have "an easier time focusing on the whole picture."

As a result, cities like Burbank can accommodate relocating or expanding businesses with remarkable promptness.Decisions that take the L.A. bureaucracy years can be made by Burbank in weeks."I have windows of opportunity that open and shut in a matter of weeks," explains one entertainment executive, who decided to move his 150-person firm from Los Angeles to Burbank."I don't have time for L.A. city hall to make the deal."
These small cities constitute "urban villages"-dense agglomerations without big-city bureaucratic roadblocks.

Pacific Region [cached]

According to Larry Kosmont, president of Kosmont Companies of Los Angeles, a consultancy specializing in public/private partnerships, what separates some counties is how they reacted to Proposition 13, a grassroots consumer proposition passed in 1978 that limits the ability of state and local government to increase taxes based on property evaluation.Kosmont says some municipalities reacted by raising sales taxes to generate revenue.

"There has been a rush to sales taxes at the local level.Some cities have gone from sales taxes making up 10 percent of their revenue to 35 to 40 percent.Property taxes have gone from making up a third of the city's budget to a quarter," says Kosmont."Some cities like Miami and New York appear to be more expensive places to do business than Los Angeles and San Francisco at the local level, but when you factor in the state income taxes and then sales taxes, the local competitive advantages go away at the state level."
Kosmont says smaller cities with lower property, business and sales taxes should be able to compete against larger cities like San Francisco, which also has a high payroll tax, making it the most expensive California city in which to do business.
Kosmont says the state is paying too much attention to finding new industries and not enough to housing for the employees those companies need.As a result of Prop 13 limiting their ability to tax residential property, some communities believe residential development costs more money than the communities can make on services, he notes."There is a disregard for housing, and that will come back to haunt the state.If there is a shortage of housing in a community, a company is going to look elsewhere to put its expansion," says Kosmont.

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