L.A. doing just as good as California

[Thinker101]

Most of us have heard good ole Newsom has a budget deficit of close to $77 Billion. Los Angeles appears to be doing just as well.

The chief financial officer for the city, Controller Kenneth Mejia, says the city has big financial problems.

According to the city administrative officer, Los Angeles has a projected budget deficit of $476 million dollars, which is made up of $289 million in overspending and $187 million in less than expected revenues. The overspending occurred in three departments: police and fire - mainly because of staffing issues and overtime - and in liability claims.

"We're not in a recession. This is not COVID. This is a budget deficit that we made here in City Hall," said Mejia.

So if it’s not a recession and not COVID, could it be over spending on the homeless, maybe over spending on the “newcomers”, or just typical progressive policy?

MSN

 

[okfine]

Most of us have heard good ole Newsom has a budget deficit of close to $77 Billion. Los Angeles appears to be doing just as well.

The chief financial officer for the city, Controller Kenneth Mejia, says the city has big financial problems.

According to the city administrative officer, Los Angeles has a projected budget deficit of $476 million dollars, which is made up of $289 million in overspending and $187 million in less than expected revenues. The overspending occurred in three departments: police and fire - mainly because of staffing issues and overtime - and in liability claims.

"We're not in a recession. This is not COVID. This is a budget deficit that we made here in City Hall," said Mejia.

So if it’s not a recession and not COVID, could it be over spending on the homeless, maybe over spending on the “newcomers”, or just typical progressive policy?

MSN

I remember when red Orange County went broke way before Covid.

 

[Rambunctious]

I remember when red Orange County went broke way before Covid.

Then you should be able to find a link on that story....

 

[Thinker101]

I remember when red Orange County went broke way before Covid.

That was due to a huge gamble, with public funds, taken by a county treasurer who was seriously under-qualified to deal in the kinds of investments. That hasn't been the case with California or L.A. Having not identified a specific cause, these clowns are bound to repeat mistakes.

 

[Concerned American]

So if it’s not a recession and not COVID, could it be over spending on the homeless, maybe over spending on the “newcomers”, or just typical progressive policy?

Ain't it funny that these libs come up with a deficit, but the first place they want to blame is public safety and infrastructure, with never a mention of cutting social services for the homeless and newcomers (ILLEGAL IMMIGRANTS). Blame public safety because the tax payers will pony up more for that. I believe that social services should be cut until there is no deficit and if there is a surplus, then another look can be given to social services.

 

[Failzero]

Three States will go bankrupt in rapid succession

 

[Rambunctious]

If Biden wins there will be a state bailout... maybe a multi state bailout... and the national debt will be outrageous....

 

[Concerned American]

and the national debt will be outrageous....

Too late, LOL.

 

[Failzero]

Too late, LOL.

400+ Trillion in unfounded liability ?

 

[RhodyPatriot]

If Biden wins

You're funny.

 

[Harry Dresden]

That was due to a huge gamble, with public funds, taken by a county treasurer who was seriously under-qualified to deal in the kinds of investments. That hasn't been the case with California or L.A. Having not identified a specific cause, these clowns are bound to repeat mistakes.

Robert Citron...........yea i was there at that time.....

 

[Thinker101]

Robert Citron...........yea i was there at that time.....

And I'm still there.

 

[BluesLegend]

Most of us have heard good ole Newsom has a budget deficit of close to $77 Billion. Los Angeles appears to be doing just as well.

The chief financial officer for the city, Controller Kenneth Mejia, says the city has big financial problems.

According to the city administrative officer, Los Angeles has a projected budget deficit of $476 million dollars, which is made up of $289 million in overspending and $187 million in less than expected revenues. The overspending occurred in three departments: police and fire - mainly because of staffing issues and overtime - and in liability claims.

"We're not in a recession. This is not COVID. This is a budget deficit that we made here in City Hall," said Mejia.

So if it’s not a recession and not COVID, could it be over spending on the homeless, maybe over spending on the “newcomers”, or just typical progressive policy?

MSN

Proposed Dem TAX INCREASES in 3...2...1

 

[BluesLegend]

If Biden wins there will be a state bailout... maybe a multi state bailout... and the national debt will be outrageous....

California already tried to get Obama to bail them out. He said no, but given Biden's lawless behavior he'd likely bypass congress, ignore the courts and cut them a check.

 

[Rambunctious]

California already tried to get Obama to bail them out. He said no, but given Biden's lawless behavior he'd likely bypass congress, ignore the courts and cut them a check.

Plus it will be Obama doing it when people can't see him do it...

 

[RhodyPatriot]

Plus it will be Obama doing it when people can't see him do it...

I love me some Black Jesus.