Homelessness, COVID-19, and Rising Cost of Employees Hurt L.A. Finances
Commentary Los Angeles city controller Ron Galperin has released his office’s annual Comprehensive Annual Financial Report for fiscal year 2020 and provided an update on how things in the current fiscal year. As expected, it’s bad. During fiscal year 2020, the general fund shrank 9.8 percent from $1.1 billion in…
bubmagFebruary 1, 2021