In his “State of the City” speech this evening, L.A. Mayor Eric Garcetti addressed a stark new reality due to the havoc coronavirus is wreaking on the city’s budget. He set the stage for what will likely be massive cuts when he presents his 2020-21 budget to the city council tomorrow.
He laid out steps already underway to address projected budget shortfalls in this unprecedented crisis including:
Already borrowing $70 million from city special funds and reserve fund
26 furlough days for all civilian employees, the equivalent of a 10% pay cut
Cuts to many city departments, which "will have to operate at sharply reduced strength"
Read more on LAist.
Specifics on the budget cuts are due at 1pm PT today, but in the meantime we recap what we know and what Garcetti shared yesterday. Plus, if you might be affected by cuts, how would you feel about being furloughed?
With files from LAist.
Guest:
Libby Denkmann, KPCC politics reporter; she tweets
