US EditionLA Turns to State For Help Closing $1 Billion Budget Hole
3 Articles
3 Articles
If California bails out LA's $1 billion budget deficit, beware the slippery slope
As fate would have it, the very destructive and deadly wildfires that swept through Los Angeles neighborhoods this year erupted as its city officials were struggling to close a large gap in their budget. At the time, the city’s deficit was estimated to be $600 million, but this month it was updated to nearly $1 billion. It would be tempting to attribute the larger shortfall to the fires, and they undoubtedly are a factor. But City Controller Ken…
LA Turns to State For Help Closing $1 Billion Budget Hole
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State. Sign up here if you’re not already on the list.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
