LA WATCHDOG--“I always say that budgets are a statement of our values. But this year, it is also a document of our pain.” Mayor Eric Garcetti, April 19, 2020
LA Budget Pain Occurred Before the Virus
Shame on LA! Creating City Budget Behind Closed Doors
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 Controller, LA Mayor Disagree on Proposed City Budget
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’s Pension Contributions are Ballooning: The Public Has a Right to Know
LA WATCHDOG--The City’s Annual Required Contributions to its two pension funds have increased 56% ($475 million) since Eric Garcetti was elected mayor, from $848 million to $1.32 billion for the upcoming fiscal year beginning July 1, 2020.
Garcetti: What He Says v. What He Budgets
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.
Labor Agreements and the Virus Playing Havoc with LA’s Budget
LA WATCHDOG--“Only when the tide goes out do you discover who's been swimming naked.” Warren Buffett, Chairman and CEO of Berkshire Hathaway
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