An audit reveals that the city of Bell is still reeling financially three years after it was discovered the working-class suburb’s municipal leaders had looted millions of dollars from its treasury.
California lawmakers on both sides of the political aisle are drawing a line in the sand as negotiations to avoid a so-called “fiscal cliff” stall in Washington.
The move would allow the city to ask voters to approve a proposed increase of up to a half-percent sales tax that could raise as much as $1.9 million.
Lawmakers in San Bernardino were expected to declare a fiscal emergency on Monday as the city inches closer toward bankruptcy.
City Administrative Officer Miguel Santana warns that the fiscal health of Los Angeles may potentially worsen even more if a plan to privatize parking garages fails to pass.
Governor-elect Jerry Brown will face a mounting budget crisis when he is sworn into office in January, a gap that now tops one-fifth of the state’s general fund.