What Could L.A.’s Dramatic Budget Shortfall Mean for Angelenos? 901 Club Junior Member Joined: Aug 24, 2017 Messages: 12,917 Likes Received: 23,362 Jan 18, 2021 #1 More local economic news as fodder for a thread. +++++++ City leaders struggling with a projected pandemic-fueled budget shortfall of $675 million this week took steps to bridge the gap by reaching agreements with a pair of public employee unions. On Tuesday, a deal was announced to defer two different 2 percent raises—one slated for this month, the other for June—with the Coalition of L.A. City Unions. In exchange for delaying the pay hikes, the city agreed not to impose furlough days or layoffs during the current fiscal year for the 18,000 workers covered by the agreement. On Thursday, a deal was inked with the union representing many Los Angeles Fire Department employees. It calls for pushing back by 18 months the 4.5 percent raises firefighters were scheduled to receive this summer. City leaders in return promised there would be no “brownouts,” or.... https://www.lamag.com/citythinkblog/budget-shortfall-los-angeles-covid/ CrownoftheValley likes this.