What Could L.A.’s Dramatic Budget Shortfall Mean for Angelenos?

Discussion in 'MKJ Off-Topic' started by 901 Club, Jan 18, 2021.

  1. What Could L.A.’s Dramatic Budget Shortfall Mean for Angelenos?
    901 Club

    901 Club Junior Member


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    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/
     
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  2. xuscx

    xuscx Junior Member


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    #2
    since when is inflation 4.5%
     
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  3. TKnight

    TKnight Junior Member


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    #3
    2021
     
  4. CrownoftheValley

    CrownoftheValley Junior Member


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    Is the mayor going to open up LA this year so the tax revenues lost to cause this budget shortfall are rectified?
     
  5. SoCal93

    SoCal93 Junior Member


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    Not a prayer. Instead the Biden stimulus bill will reward poorly run blue states with a bail out under the guise of covid relief.
     
  6. LaissezFaire28thStUSC

    LaissezFaire28thStUSC Junior Member


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    #6
    One LAPD officer told a parent of a current student that the LAPD cut officers from the USC area and that the campus is now a more dangerous place.
     
  7. SoCalN8tiv

    SoCalN8tiv Junior Member


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    Women will suffer the most. So tragic how the liberals have destroyed Los Angeles...and virtually everything they touch. Only the well-to-do will be unaffected.
     
  8. xuscx

    xuscx Junior Member


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    10% across the board paycut, problem solved
     
  9. LaissezFaire28thStUSC

    LaissezFaire28thStUSC Junior Member


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    #9
    LA will be like Detroit within 10 years, a war zone. Fortunately, Dodger Stadium and the Coliseum are near the Freeways. But at some point safety may decline to the point where a growing number of people won't attend events in LA. Too bad. I'd miss Lawrys in BH.
     

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