Thinker101
Diamond Member
- Mar 25, 2017
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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
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