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L.A.'s $6.7 Billion Budget Approved, Awaits Villaraigosa's Signature

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More reductions in library hours, increased parking fines, taxing billboards, job cuts and more were the outcome of yesterday's 10-hour Los Angeles City Council meeting. In all, the city's $6.7 billion budget was approved, thus sending it to Mayor Antonio Villaraigosa for his blessing.

One of the major moves made is the elimination of 761 positions with the possibility of 1,000 more if revenues don't come in by October 1st, mainly from the leasing of public parking garages. Some employees could face up to 26 furlough days.

Villaraigosa, who said trimming the city workforce was needed, stepped into the debate yesterday by releasing a statement asking the council to delay a budget vote while working with labor to reduce layoffs. The Council pushed ahead, citing last year, according to the LA Times. "We saw last year that when we all delayed, we paid the price," said Council President Eric Garcetti.