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Deficit

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–04/07/2011

(credit: CBS)

Latest Budget Fix Idea: Taxpayers Donate Funds To Calif. Treasury

A state senator says the move gives people who want higher taxes an opportunity to let their money do the talking for them.

04/06/2011

Blame The Budget? CHP Officers Issue 200,000 More Tickets

Officers handed out 200,000 more traffic citations in 2009 than it did two years earlier, according to the most recent data available.

KNX 1070 NEWSRADIO–04/01/2011

(credit: Frazer Harrison/Getty Images)

LA Councilman: Budget Gap Puts City Payroll At Risk

Councilman Bernard Parks says new budget restrictions could mean that some department managers may not be able to pay their employees as it gets closer to June 30.

03/30/2011

Financial Cash Illegal pension

City Council To Discuss Cash Flow Crisis In Montebello

“The true nature of the city’s cash deficit” was hidden for many years by accounting maneuvers, according to the city manager of Montebello.

03/30/2011

(CBS)

Brown Losing Support For Vote On Tax Hike Extension

A new poll shows the public appetite for any more special elections has waned since the most recent election cycle.

KNX 1070 NEWSRADIO–03/24/2011

(credit: Frazer Harrison/Getty Images)

Official: LA Deficit May Balloon $50M Under Villaraigosa Budget

The city’s top administrative official says he’s found a way to trim the deficit down to $4 million — but that could all change with the mayor’s upcoming budget plan.

03/23/2011

(credit: Getty Images)

Poll: California Voters Back Brown — For Now

The latest Field Poll shows voters by a 48-21 margin approve of Brown’s message and efforts to get the state budget and overall financial standing back on an even keel.

KNX 1070 NEWSRADIO–03/22/2011

(credit: AP)

California Lawmakers Forge Ahead With Budget Package

California lawmakers are focusing on a budget package aimed at closing the state’s $26.6 billion deficit, as Gov. Jerry Brown and Democratic leaders seek out the votes needed to pass the plan’s two most divisive components.

03/17/2011

(credit: CBS)

Crunch Time Approaches To Strike Budget Deal

Efforts by Gov. Jerry Brown and Democratic lawmakers to court a handful of Republican lawmakers are expected to intensify this week as they seek to compromise on a plan to send a tax vote to the ballot.

03/13/2011

(credit: CBS)

What Do Tax Hikes Cost Californians In A Year?

Californians have been paying more on just about everything the past two years, from TV sets to vehicle licenses to income taxes.

03/12/2011

(credit: CBS)

Pensions Emerge As Key Issue In California Budget Talks

A partisan split over how to change California’s massively underfunded pension systems is playing an increasingly prominent role in the debate over Gov. Jerry Brown’s plan to fix the state’s woeful budget.

03/06/2011

Financial Cash Illegal pension

LA County Wants Your Property Taxes To Fund State Programs

The Board of Supervisors wants local lawmakers to withhold property taxes to cover costs as the county takes over state programs.

03/01/2011

LAFD

Costa Mesa May Outsource Firefighting, Street Sweeping Services

The city manager for Costa Mesa says ballooning pension fund costs are a big reason why lawmakers may need to cut key services.

03/01/2011

(Getty Images)

LA Council Kills ‘Fireside Sale’ To Lease Parking Garages

The mayor said the plan would generate up to $300 million for the city, but council members were a bit skeptical of his projections.

02/16/2011

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