An Olympics budget report from LA28 is missing key details. One city official says that’s a problem

The latest budget from the Olympics organizing committee for the 2028 Games is now public, but like other reports from LA28, it’s light on key financial details.

It comes as L.A.’s city controller pressures LA28 to be more transparent and release more specific data. Controller Kenneth Mejia’s deadline of today (Sept. 28) for more information appears likely to pass with no action from the Olympics organizers.

The newly public report from LA28, which includes a summary of the organization’s 2025 finances, puts LA28’s budget at $7.26 billion, up from a previous estimate of $7.15 billion. That includes expense line items such as $1.4 billion for venue infrastructure, $1.42 billion for “sport, games services & operations,” and $586 million for “other expenses.” It doesn’t provide a more comprehensive breakdown. It also doesn’t include budgets or schedules for specific venue construction projects or a list of contracts that LA28 entered into during the 2025 fiscal year.

The lack of financial specificity is despite guidelines in an agreement between the city of L.A. and LA28 requiring the organizing committee to submit updates on venue improvements, including schedules and budgets, and a list of all contracts it entered into valued at more than $1 million each fiscal year.

Instead, the report includes a single page summarizing its contracts over $1 million, which LA28 says total more than $687 million. That list omits contractor names and specific amounts. According to the city administrative officer, LA28 left out those specifics from the annual report and provided them directly to certain city liaisons because of a concern from LA28 that making details public would risk its ability to negotiate competitive contracts.

That’s not good enough for City Controller Kenneth Mejia, who last month wrote to LA28 General Counsel Elisabeth Freinberg asking the organizing committee to submit a detailed budget, including specific line items breaking down its broad budget categories.

“The most recently submitted $7.26 billion budget is limited to one half page of information that lacks the detail necessary to conduct meaningful analysis and evaluate the feasibility of the budget and LA28’s financial standing,” Mejia wrote in that letter.

In an interview with LAist, Mejia emphasized that the city of Los Angeles is the financial backstop for the Games, meaning if LA28 loses money, L.A. taxpayers will foot the bills the organizers can’t pay.

“ The documents we requested will help us understand how they're doing as an organization, because if they go over budget, we pay,” Mejia said.

LA28 has yet to respond to Mejia’s request, according to his office.

“LA28 works closely with the city to ensure that it satisfies all applicable requirements under the games agreement,” LA28 spokesperson Jacie Prieto Lopez said in an emailed statement to LAist on Monday. “All prior annual reports have been submitted to and accepted by the city, and we look forward to continuing to meet our obligations.”

It’s unclear what the city controller’s next move will be if LA28 doesn’t comply with his deadline for more data. His office says he will continue to push LA28 for more financial information. So far, Mejia is the only city official publicly pressuring LA28 to open its books.