Storm Clouds For City Hall as L.A. Budget Heads For $400 Million Hole: Villaraigosa Asks For Retirement Concessions | The Informer | Los Angeles | Los Angeles News and Events | LA Weekly
City News

Storm Clouds For City Hall as L.A. Budget Heads For $400 Million Hole: Villaraigosa Asks For Retirement Concessions

Comments (0)


Wed, Mar 2, 2011 at 1:44 PM

click to enlarge Storm clouds for L.A. City Hall. - PETER BAER
  • Peter Baer
  • Storm clouds for L.A. City Hall.
Here we go again.

Bleak day for L.A. City Hall's wallet. City controller Wendy Greuel issued a forecast with few surprises -- Los Angeles will take in less than it spends next year and faces a more than $400 million deficit. (More than 50 mil this year, 350 next).

Mayor Villaraigosa this afternoon then told the Board of Fire and Police Pension Commissioners that he wants to nix a proposed $4.8 million increase in city-paid medical benefits for retired cops and firefighters.

Greuel implores the City Council not to take the slow economic recovery for granted. Tax receipts for the fiscal year will be down $24 million, the city will have to borrow $450 million to keep cash flow happy next year, and $628 million in debt payments will come due at the same time.


Mayor V., meanwhile, is begging for a meager $5 mil from police and fire retirees, saying:

No one appreciates the work of our employees - and particularly the work of our sworn officers and firefighters - more than I do. But we need to face reality. The City is facing a $350 million deficit next year and increasing benefits for retirees at the same time that we are laying off and furloughing current employees is simply irresponsible.

In fact the mayor wants a freeze on retiree health subsidy increases come July. And he wants to increase the city retirement age to 65.

The all-powerful unions from which he came would probably have a problem with is plans, though.

Good luck with that.

Related Content

Now Trending

  • West Hollywood Weed Shop Raided by Feds

    Some marijuana proponents are excited by evolving views on cannabis in Washington. Outgoing Attorney General Eric Holder implemented more lax sentencing guidelines for small-time drug crimes, President Obama's nominee to be the nation's top civil rights cop, Vanita Gupta, is a legalization proponent, and Obama himself has said he doesn't...
  • DUI Crackdown Hits Koreatown

    As we enter the drinking season—Halloween and then the holidays—police are hitting the streets in search of drunk drivers. While we're sure your haunted mansion party will be off the chain, remember that there's nothing more scary than red and blue lights in your rear view mirror. The Los Angeles...
  • 420 Dating Is Now a Thing

    It appears to us that nearly half the online dating  profiles out there express affinity for long walks on the beach. The other half seem to say, "420 friendly," at least in L.A. Los Angeles marijuana entrepreneur Miguel Lozano noticed that too, and this year he launched cannabis dating site
Los Angeles Concert Tickets