City Controller Wendy Greuel announced today that Los Angeles could have an extra $23 million in the bank had officials not dragged their feet to approve permits for advertising on street furniture. more ›

It was a unanimous set of "aye" votes at around Noon today by the Los Angeles City Council that helped the plans to put an NFL stadium on the L.A. Live campus in Downtown L.A. to move forward. more ›

Help us, Burbank Airport. You're our only (Bob) Hope. Airport officials were surprised to see a learn of a sharp drop in passengers, as well as a decline in parking revenue. The number of passengers dropped 5% in March, a percentage greater than expected, reports the Glendale News-Press. more ›

In the city of Murrieta, where residents have accused officials of installing red light cameras "to make a quick buck," revenue from the tickets the cameras generate could soon get turned over to local charities, according to the Press-Enterprise. Though tickets can cost around $400 for the driver, after deducting fees to the state, county, and for administrative costs, Murrieta actually doesn't make all that much--around $30 per citation. Last week their mayor, Randon Lane, said the city would be looking in to donating that revenue. Not likely this would happen in Los Angeles--where the City is in need of some charity of its own! more ›

Los Angeles has been dealing with a severe budget crisis this past year, forcing elected officials to make draconian cuts to the workforce and services. To name a few of the effects, libraries are now closed two days a week, employees across the board must take furloughs and the LAPD has had to make adjustments to how it deploys officers. more ›

2009 might have been a good year for Los Angeles-area sports teams, but when it comes to the financial side, the news isn't anything to cheer about. A study conducted in partnership with the Los Angeles Area Chamber of Commerce, the Los Angeles Sports Council, and the UCLA Anderson School of Management shows a decline in revenue in pro sports in the region, according to the Daily Breeze. more ›

The city could soon be bringing in more much-needed revenue if they follow through on discussions to expand the current red light camera program, according to the LA Times. Over the next few months LA's motorists could see cameras added to "blocks of eight intersections at a time and eventually doubling the overall reach of the program to 64 intersections." more ›

Over a two-year period, Los Angeles increased revenues from red light enforcement cameras from $200,000 to $400,000. The culprit? A recent doubling in fines for running red lights when making a right turn. The LA Times explains: more ›

World-renown acrobatic entertainers Cirque du Soleil have been dangling a 2011 permanent stay here in Los Angeles for several months now. Talks to have the troupe set up their act at Hollywood & Highland's Kodak Theatre for a ten-year residency at the venue have been in the works for sometime, but now it falls to the City Council to decide if Los Angeles can afford to have them here, according to the Daily News. more ›

The city is looking into installing new parking meters that could potentially bring in $1 million in additional revenue to help fill the budget gap, but officials say they don’t have enough resources to do so. LADOT told councilmembers at last week’s Transit meeting the plan would not make any money in its first year because the meters would cost $1 million to install. Additionally, officials said the department is already 18 percent understaffed in maintenance technicians, making it harder to collect money and fix existing meters. more ›

In another round of job cuts for the LA Times, the paper announced today the planned sacking of 250 jobs across the company which includes 150 editorial ones. The paper will also reduce the number pages it prints by 15%. This is due to a declining revenue, some which is blamed on the internet (which is also a blessing, depending on how you look at it). "You all know the paradox we find ourselves in," Times Editor Russ Stanton said in a memo to the staff. "Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money." more ›

The city of Los Angeles is struggling over a $406 million dollar shortfall, forcing them to look at ways to cut costs and increase revenue. One obvious idea on the revenue side of things: parking tickets. more ›

As we discussed last week, Mayor Antonio Villaraigosa is in Washington D.C. today telling the rest of America why LA and its surrounding area is getting ripped off from federal investment. If we get jammed in traffic, we can't deliver for the rest of the U.S. Here are some facts: This delegation is part of the kick off of Access Washington, D.C. 2007, a trip sponsored by the L.A. Chamber and Mobility 21. Southern... more ›