Budget analyst warns that Los Angeles is at a financial crossroads (Daily News)

Excerpt:

February 8, 2013 – Los Angeles’ top budget analyst warned that the city could lose 500 cops and be forced to close jails, cut the Fire Department and make other public-safety cuts if a proposed half-percent sales tax doesn’t pass on March 5. Los Angeles is at a financial crossroads, City Administrative Officer Miguel Santana wrote in a detailed report released Thursday. Although the city has made significant budget savings in recent years, without new money, the city could have to reverse hard-fought police staffing gains. LA Mayor Villaraigosa said the report shows the progress that has been made in reducing the projected structural deficit from more than $1 billion to the projected level of $200 million this year.

Link to Full Article: http://www.dailynews.com/news/ci_22544647/budget-analyst-warns-that-los-angeles-is-at

Link to “City at a Crossroads” Report: http://cao.lacity.org/Reports/City%20at%20a%20Crossroads%20Report%20020713%20-%20final.pdf

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