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L.A, city budget shortfall

CBS Los Angeles on MSN · 4d

"Layoffs nearly inevitable" amid LA's $1 billion shortfall, says city financial advisor

"The severity of the revenue decline, paired with rising costs, has created a budget gap that makes layoffs nearly inevitable," City Administrative Officer Matt Szabo said during the council meeting Wednesday. "We are not looking at dozens or even hundreds of layoffs, but thousands."

ABC7 KABC on MSN · 3d

Layoffs 'nearly inevitable' as LA faces city budget shortfall of nearly $1 billion

A top financial advisor to the city of Los Angeles shared a grim outlook for fiscal year 2025-26, saying elected officials need to address a projected $1 billion gap.

KTLA-TV Los Angeles on MSN · 3d

Mayor Bass faces nearly $1 billion city budget shortfall, L.A.’s top financial advisor says

The top financial advisor for Los Angeles says the city is facing a nearly $1 billion budget shortfall heading into the 2025-2026 fiscal year. The budget crisis means the city’s already embattled Mayor Karen Bass will inevitably need to make cuts to departments and layoff city workers,

10d

A study listed the best party cities in California. The top finisher is a shocker

Which California city is ranked the best party city in the Golden State? It is not Los Angeles or San Francisco. What is your ...

4d

Los Angeles Faces Nearly $1 Billion Deficit as It Rebuilds From Fires

Shifting federal policies, combined with the cost of January’s wildfires, have created “serious financial headwinds” for the ...

What Are the Most Popular Hotels in Los Angeles?

Los Angeles is an exciting city that offers a wide range of hotel options to suit all kinds of travelers. Whether you’re ...

The New York Sun2d

Los Angeles, Facing $1 Billion Deficit, Pays More To Collect Parking Tickets Than They Bring In

Data from the Los Angeles controller’s Revenue Forecast Report show that the parking enforcement division cost $88 million to ...

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