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The City of Los Angeles is poised to implement cost-cutting measures that will eclipse anything we saw during the 2008 recession.
In a grim State of the City address Sunday, Mayor Eric Garcetti said Los Angeles is “under attack” from coronavirus and that “from a fiscal perspective, this is the worst it’s ever been.” As a result, thousands of civilian city employees will need to take off 26 days without pay, representing a 10% reduction in compensation. And that is likely just the beginning.
Furloughs will not impact police officers, firefighters or Department of Water and Power employees.
Read more at the Los Angeles Times.
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Published 5 years ago
Last updated 2 weeks ago
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