Miguel Santana « CBS Los Angeles

President Obama and House Speaker John Boehner. (credit: Pool/Getty Images News)

LA Faces $22M Budget Shortfall If ‘Fiscal Cliff’ Deal Isn’t Reached

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.

CBS2 / KCAL9–2012/12/28

City Officials Recommend Abandoning Redevelopment Agency

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.

CBS2 / KCAL9–2012/01/10

City Council To Consider Another Round Of Massive Budget Cuts

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.

KNX 1070 NEWSRADIO–2011/01/12

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