Deficit
LA Panel To Tackle Ballooning Budget Deficit
The “Los Angeles 2020 Commission” will be tasked with offering solutions for a projected $165 million deficit for the next fiscal year beginning in July.
Brown Says It’s The First Time In Years Lawmakers Won’t Need To Make Massive Cuts
Riding a wave of new tax revenue, California’s spending plan for the coming fiscal year will rise by nearly $5 billion, a powerful indication that the state that came to symbolize fiscal mismanagement during the heart of the recession is emerging into brighter days.
Rural Homeowners Fight Back Against Calif. Fire Prevention ‘Tax’
An estimated 800,000 homeowners will be asked to pay as much as $150 per each rural property annually to fund firefighting efforts amid what Sacramento is calling an increased wildfire risk.
Opinion: Romney Tries To Reboot Losing Campaign With Ryan Pick
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Red Ink Behind Proposed ‘Soda Tax’ In Baldwin Park
The Baldwin Park City Council is looking to neighboring El Monte for inspiration on a proposed tax on sodas and other sugary drinks.
LA City Council OKs $5 Parking Fine Hikes
Critics fear the vote to raise parking fines as high as $93 could disproportionately impact lower-income residents of high-density neighborhoods.
On-Time State Budget Carries Risky Assumptions
California lawmakers may have passed a budget on time to get paid, but their plan to close a $15.7 billion shortfall carries a big risk on the assumption that voters will approve Gov. Jerry Brown’s tax increase this fall.
Lawmakers Risk Losing Pay Ahead Of Vote On Calif. Budget Deficit
Lawmakers in Sacramento were scrambling on Wednesday to patch together a state budget proposal ahead of a deadline for the legislature to pass a new fiscal plan.
California Pushing More Welfare Recipients To Work
Gov. Jerry Brown wants to shift the safety net protecting California’s neediest residents.
LA To Hire Hundreds Of Parking Enforcement Personnel In Meter Crackdown
Next time you park your car anywhere in Los Angeles, make sure you carry some change to feed the meter or you could end up coughing up big bucks.
Jerry Brown Pitches Plan To Fix’s California’s $16B Budget Deficit
Gov. Jerry Brown is expected to arrive in Los Angeles Monday afternoon to pitch his plan to fix the state’s budget deficit.
Proposed Hike Would Push Parking Fines Up Nearly Double From ’05
A proposed increase in parking fines could end up costing taxpayers nearly twice as much as they paid when Mayor Villaraigosa first took office.
Villaraigosa To Call For Layoffs Of City Workers
Mayor Antonio Villaraigosa announced Thursday that he will call for layoffs of city workers as part of his budget next month, but wouldn’t specify how many jobs would be slashed.
Red Ink To Stain LA Plan To Delay $100M In OT Pay, Wage Hikes
Mayoral contenders and bloggers alike are blasting City Hall for a recent wave of cost-cutting measures that they say could eventually backfire.
Bass: Efforts To Cut US Deficit Can’t Come At Expense Of Jobs
Rep. Karen Bass (D-Los Angeles) is one of the participants of the Congressional “super-committee” that was created to cut as much as $2 trillion from the nation’s ballooning budget deficit.
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