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Los Angeles Budget Finalized... Kinda

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Mayor Antonio Villaraigosa yesterday signed off on the $7.01 billion Los Angeles budget for the next fiscal year that begins on July 1st. What does that mean? Well, "with all the financial uncertainties in the local economy, more review of the budget is expected in coming weeks," the Daily News explains. So, yeah, the budget is signed, but there is still a ways to go.

A few budget related key points include:

  • Most all departments were asked to "share the sacrifice" with 10 to 30 percent spending cuts.
  • The LAPD's budget for hiring new officers beyond the 400 to be replaced through attrition this year was frozen.