Los Angeles budget deficit – California Globe

Los Angeles Faces Budget Cuts, Layoffs and Interest Borrowing Due to Extraordinary Lawsuit Payouts

July 8, 2025 11:43 amJuly 8, 2025 11:43 am

Los Angeles is facing a city budget deficit of just under $1 billion, due in large part to the extraordinary volume of liability claims stemming from lawsuits against the city. Los Angeles budgeted $100 million in 2025 for liability claims,...

City Of Los Angeles to Declare Fiscal Emergency, Lay Off 614 Employees

June 24, 2025 1:53 pmJune 24, 2025 1:53 pm

Los Angeles City Controller Kenneth Mejia announced Monday that the city of Los Angeles now faces 614 layoffs and is a further $30 million more in debt thanks to the recent anti-ICE protests and riots, as well as massive revenue...

Signs of San Diego Budget Mismanagement Grow as Audits Find Millions in Uncollected Fees

May 10, 2025 2:45 amMay 10, 2025 2:46 am

Budgetary problems in the city of San Diego have been seemingly endless since last year. In November, San Diego City Schools announced a $176 million deficit. In February, the city itself was $258 million in the red. Last month, it...

State of California & Los Angeles Budget Deficits: How Can Either Pay For the LA Olympics?

March 27, 2025 2:55 amMarch 27, 2025 2:56 am

Los Angeles Mayor Karen Bass traveled to Sacramento Tuesday to ask the California Legislature for $2 billion to cover the budget shortfall in Los Angeles. “What do you say to California taxpayers outside of LA?” Ashley Zavala with KCRA asked....

San Diego City Council Scrambles To Make Up $258 Million Budget Deficit

February 12, 2025 2:45 amFebruary 12, 2025 2:46 am

The San Diego City Council met with members of the public Monday night, hoping to find a way to end the current $258 million budget crisis in the city. Throughout California, many major cities are currently facing massive budget deficits....

Los Angeles Announces Fiscal Emergency, Plans To Furlough Over 15,000 City Workers

September 3, 2020 3:10 pmSeptember 4, 2020 2:47 pm

On Wednesday, the city of Los Angeles declared a fiscal emergency, with the LA City Council announcing the furloughs of more than 15,000 city workers to help fill in the $400 million deficit the city is now facing. Over 15,000...