At $11.4 billion, this year’s Los Angeles budget puts many nations to shame.
Despite record revenues during years prior to the pandemic plus a $1.3 billion gift from the Feds, the City of Los Angeles continues to face serious financial challenges.
Yes, it suffered from the fiscal impact of the virus.
But our current situation is primarily due to the failure of the City Council and Mayor to address the City’s finances over the previous seven years of plenty, during which the City received record revenues.