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New Budget

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As he promised, Mayor Antonio Villaraigosa released his proposed budget today. In true blog fashion, we offer you an early but sketchy summary based on a quick scan of what seem to be the highlights of the 399 page budget and its supporting documentation.

In many ways, the budget is designed to offer new services that benefit everyone while gleaning revenues from those most able to afford it. The new items in the budget reflect many of those the Mayor discussed in his "State of the City" address on Tuesday: funding for transit systems, road repair, parks, after school programs, and cops. Lots of cops. The allocation for increasing the number of police on the street is a huge chunk of the budget growth.

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Where is the money supposed to come from? (Find out after the jump).