Tuesday, January 29, 2008

Mayor starts proposing city budget cuts

Mayor made a pitch for Prop S while proposing suspending some hires, asking some workers to take unpaid furloughs and selling vacant fire dept properties.

Budget analysts attributed the $155-million deficit mostly to the flagging economy, saying larger than expected decreases in sales taxes, real estate transfer taxes, fees and state reimbursements have left the city $69 million short of anticipated revenues.
http://www.latimes.com/news/local/la-me-budget29jan29,1,5661396.story