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Labor Agreements Crowding Out Homeless and Basic Services

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Housing Program , Police Protective League , Homeless Services , Four Year Budget Outlook , City Administrative Officer , General Fund , Budget Outlook , City Hall ,

Budget Busting Labor Agreements to be Funded by Raiding the LA Reserve Fund

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Bob Blumenfield , Karen Bass , Tim Mcosker , Paul Krekorian , Members Of The City Council , Employee Relations Committee , While The City Reserve Fund , Innovation Committee , City Council , Mayor Karen Bass , Fiscal Year , Executive Employee Relations Committee , City Council President Paul Krekorian , Councilmen Curren Price , President Pro Tempore , Hiring Committee , City Administrative Officer , Four Year Budget Outlook , Fourth Financial Status Report , Reserve Fund , General Fund , Structural Deficit ,

Budget Busting Labor Agreements to be Funded by Raiding the LA Reserve Fund

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Paul Krekorian , Bob Blumenfield , Tim Mcosker , Karen Bass , Members Of The City Council , Employee Relations Committee , City Council , While The City Reserve Fund , Innovation Committee , Mayor Karen Bass , Fiscal Year , Executive Employee Relations Committee , City Council President Paul Krekorian , Councilmen Curren Price , President Pro Tempore , Hiring Committee , City Administrative Officer , Four Year Budget Outlook , Fourth Financial Status Report , Reserve Fund , General Fund , Structural Deficit , Erspectives Voices , Eighborhood Councils , City Council , A Watchdog ,

Your LA City Budget: Not Enough Red Ink Left in the Bottle!

LA WATCHDOG Despite the infusion of $1.35 billion from the Federal government, the City of Los Angeles still has a Structural Deficit that it is unwilling to attack.
According the Four Year Budget Outlook, the City is projecting a budget surplus of $309 million for the 2025-26 fiscal year. But when this projection is adjusted for increases from new labor agreements with the police, firefighters, and civilian employees (an estimated $220 million) and lower revenues based on more realistic growth rates (an estimated $400 million), the surplus turns into a $300 million deficit.
The erosion of the City’s finances is already underway. For the upcoming year, the City is using $134 million of one-time revenues to finance on-going operations. This is contrary to the City’s Financial Polices because these services will need to be funded in the following fiscal year (2022-23) from existing on-going revenues. ....

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Federal Cash Stabilizes City's Finances

Federal Cash Stabilizes City's Finances
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