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Villaraigosa Delivers State of the City & Releases New Budget

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Amid the budget crisis, Mayor Antonio Villaraigosa this afternoon delivered his annual State of the City address and released the next fiscal year's budget. "This budget totals $4.34 billion dollars. Sets aside 6.5 percent or $284 million dollars for the reserve fund and it builds a smaller, more efficient city government," he said. Here are some key points, followed by the full speech:

  • Instead of the traditional here's what we've done and here's my vision for the future spiel, Villaraigosa basically focused on fixing the budget.
  • Part of that is acknowledging the LADWP and Carbon Surcharge controversy. Still, the city must pursue clean energy and a better-working utility. "We cannot afford to allow the economic storm to blow us off course," he said. "So, we will lay out a plan in the coming months, that begins to reform the Department of Water and Power making it more accountable to ratepayers and businesses alike and making an agency sometimes renowned for secrecy more transparent to us all. And we will lay out a plan that once and for all makes Los Angeles the undisputed national leader in green energy and green jobs."