With LA facing $1B deficit, staff warn finances could be worse than assumed

LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration

Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world’s largest sporting events — the 2026 World Cup and 2028 Olympic Games.

With LA facing $1B deficit, city officials warn that Mayor Bass's plan is likely to fall short

LA officials warn Mayor Karen Bass’s “balanced” budget proposal may not sufficiently account for slowing revenue, a possible recession, expiration of labor agreements and the city’s credit rating downgrade.

With LA facing $1B deficit, staff warn finances could be worse than assumed

(The Center Square) - As the city of Los Angeles proposes mass layoffs to close a nearly $1 billion deficit for the coming fiscal year, city officials warn Mayor Karen Bass’s “balanced” budget proposal may not sufficiently account for slowing…