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La, city budget shortfall

CBS Los Angeles on MSN · 2d

"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."

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

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 · 2d

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,

2d

$1 billion LA budget gap could mean ‘thousands’ of layoffs, service cuts

City Administrative Officer Matt Szabo said Mayor Karen Bass’ proposed budget will close that gap, but it will require ...

NBC Los Angeles on MSN2d

How Los Angeles' $1B budget shortfall could impact average Angelenos

As the city of Los Angeles faces a staggering budget gap of nearly $1 billion in the 2024-2025 fiscal year, small and big ...

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