The Los Angeles Department of Water and Power has cut off funding to two affiliated nonprofit institutes after questions surfaced about how they spent more than $40 million in ratepayers’ money.
Taxpayers in the city of Los Angeles can now see how officials are spending their hard-earned money.
Attorneys for Michael Jackson’s family accused concert promoter AEG of trying to smear the singer as debt-ridden and irresponsible through testimony from an expert financial witness.
For all of his fame and wealth, Michael Jackson was mired in debt and spending millions more than he was earning each year, a financial expert testified Monday.
Questions are being raised about what some call lavish travel and entertainment spending by UCLA officials over the past five years as tuition has risen 70 percent.
The best part of paying your taxes is probably getting your refund check.
After five years of layoffs, fee hikes and cuts in admissions, the Cal State University system is getting more money to spend.
California’s budget is finally in balance as long as state lawmakers follow Gov. Jerry Brown’s guidance to hold the line on spending.
A Southern California Congresswoman on Thursday defended plans for a high-speed rail project despite spiraling costs and concerns over its long-term viability.
The holidays are a colorful time.
Financial expert Nick Givogri from Merrill Edge appeared on KCAL9 News on Saturday morning with tips on how to stay on top of unexpected expenses throughout the year.
Gov. Jerry Brown on Monday called for deeper spending cuts for health and welfare spending and a shortened work week for state employees in his revised plan to reduce the state’s $16 billion deficit.
Gov. Jerry Brown is expected to arrive in Los Angeles Monday afternoon to pitch his plan to fix the state’s budget deficit.
The chancellor of Cal State Long Beach got an earful from outraged students Tuesday night, as he threw a pricey party.
As Cal State students face another tuition hike this fall, a CBS2 News investigation has found tens of thousands of dollars of questionable spending by the chancellor’s office.