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Los Angeles confronts a $1 billion budget shortfall, forcing Mayor Bass to plan massive cuts and layoffs.
Los Angeles faces a nearly $1 billion budget shortfall for the 2025-26 fiscal year, likely leading to thousands of layoffs and service cuts.
Mayor Karen Bass must present a budget plan by April 21 that includes cost-cutting measures due to lower-than-expected tax revenues and increased spending on legal payouts and emergency response.
The city is also considering deferring pay raises and negotiating with unions for concessions.
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Los Ángeles enfrenta un déficit presupuestario de mil millones de dólares, obligando al alcalde Bass a planear recortes y despidos masivos.