Los Angeles could face at least a $22 million shortfall if a deal isn’t reached in Congress by Tuesday to avoid the “fiscal cliff,” according to the city’s top budget analyst.
City Administrative Officer Miguel Santana and Chief Legislative Analyst Gerry Miller warned Tuesday the city could be on the hook for as much as $109 million if it elects to be in charge of winding down the Community Redevelopment Agency of the City of Los Angeles, a task required by a recent state Supreme Court ruling.
The Los Angeles City Council is expected to consider another round of budget cuts Wednesday, including additional furloughs that could shut down entire departments for one day a week.
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