Deficit « CBS Los Angeles

Chief Justice: Service Cuts May ‘Fundamentally’ Change Calif. Courts

As California struggles to regain its financial footing, the budget axe could soon fall on the state’s justice system.

KNX 1070 NEWSRADIO–2011/07/22

Compton Cuts 30 Percent Of Workers In New Budget

The Compton City Council will meet Tuesday night to find ways to deal with a $25 million deficit and avoid a government shutdown.

CBS2 / KCAL9–2011/07/19

Obama Makes Direct Appeal On Deficit Cut

President Barack Obama is appealing directly to the public Saturday in hopes of influencing a deficit reduction deal that failed to materialize during White House talks.

2011/07/16

Medical Workers At California Prisons Paid Six-Figure Salaries

The biggest factor behind the top salaries: payouts for unused vacation and sick time that sometimes doubled an employee’s base salary.

CBS2 / KCAL9–2011/07/06

LA County Earmarks ‘Extraordinary’ $3.2M For Creaky Elevators

An aide to one county supervisor said the county cannot afford such a high price tag for elevator repairs at the downtown headquarters.

KNX 1070 NEWSRADIO–2011/06/22

UCLA Hits Students With Fees For Paying Tuition By Credit Card

It’s estimated the policy shift will boost the school’s dwindling coffers by over $6.5 million a year.

KNX 1070 NEWSRADIO–2011/06/22

Audit: Shoddy Parking Meter Collections May Cost LA $500,000

City Controller Wendy Greuel has released an audit showing the city could be missing out on a huge windfall from its parking meter collections.

2011/06/09

Compton May Cut Hundreds Of Jobs To Stave Off Bankruptcy

An independent audit says layoffs could be all that stands between the city and fiscal insolvency.

KNX 1070 NEWSRADIO–2011/05/27

LA City Council Votes To Create Collection ‘Czar’ For Unpaid Debt

Plans for the new position were spurred by a report in October that the city was owed an estimated $541 million.

2011/05/24

City Council To Vote On 600 Job Cuts In $7B Budget

The budget closes much of the city’s $336 million deficit by reducing police overtime, redeploying firefighters and lowering the city’s share of retiree health care costs.

2011/05/18

Lawmakers: Tax Hikes Still Needed Despite $2B Revenue Boost

An unexpected windfall in tax revenues likely won’t be enough to sway Governor Jerry Brown to abandon his plan for tax increases

KNX 1070 NEWSRADIO–2011/05/05

Budget Shortfall May Chop One Month Off Calif. School Year

Failure to extend tax breaks would mean that $15 billion will have to be cut to balance the state budget as some of the state’s largest districts.

KNX 1070 NEWSRADIO–2011/05/04

Brown Seeks Victims’ Help To Pass State Budget

Gov. Jerry Brown asked groups representing crime victims and state prison guards on Monday to help him lobby Republican lawmakers on his proposal to close a budget deficit that once stood at nearly $27 billion.

CBS2 / KCAL9–2011/04/12

Jerry Brown Takes Tax Pitch To Republican District

Gov. Jerry Brown has taken his budget message on the road. On Friday, he stopped at an elementary school in Riverside to make his pitch that voters should decide whether to support a renewal of recent tax hikes.

2011/04/09

Mayor of Los Angeles Antonio Villaraigosa (credit: GABRIEL BOUYS/AFP/Getty Images)

Mayor: US Shutdown To Cost LA $560M

As lawmakers on Capitol Hill scramble to avert a shutdown of the federal government, the mayor warned on Thursday that the local financial fallout could be substantial.

KNX 1070 NEWSRADIO–2011/04/07