Pins matching tag:"Budget Deficit"

Facing a nearly $1 billion shortfall, Mayor Karen Bass signed Los Angeles's roughly $14 billion 2025-26 budget on the charter deadline, restoring more than 1,000 of the positions her April plan had slated for layoff.

The council unanimously approved a budget closing a $118 million structural deficit, restoring some library and recreation-center hours and most arts funding while keeping the Flock license-plate reader contract.