LA WATCHDOG--In a memo to All General Managers, Councilman Paul Krekorian, the Chair of the Budget and Finance Committee, indicated there will not be 40 hours of budget hearings as there have been in the past.
LA WATCHDOG--The Mayor’s Proposed Budget anticipates General Fund revenues of almost $6.7 billion, an increase of $118 million (1.8%) from this year’s Adopted Budget, and a balanced budget.
LA WATCHDOG--Over the last month, Mayor Eric Garcetti has done an excellent job of communicating with Angelenos about the Virus and what we need to do to stay safe and healthy.
LA WATCHDOG--Governor Gavin Newsom and Mayor Eric Garcetti have prioritized the lives of Californians and Angelenos over the premature opening of our economy unless there is adequate testing, tracking, and monitoring; proper social distancing; the protection of vulnerable communities; surge capacity at hospitals; continued research and development; and the development of adequate guidelines in the case there is a resurgence of the virus.
LA WATCHDOG--“Only when the tide goes out do you discover who's been swimming naked.” Warren Buffett, Chairman and CEO of Berkshire Hathaway
LA WATCHDOG--Rumors emanating from City Hall suggest that Mayor Eric Garcetti and City Council are considering a tax increase to finance the projected deficit for the upcoming fiscal year beginning on July 1.