Sunday, October 12, 2008
Outlook is dismal for L.A.'s future budgets - Los Angeles Times:
Mayor Antonio Villaraigosa says the city's shortfall could surpass $400 million next year, forcing slashes to services.
By Phil Willon, Los Angeles Times Staff Writer
October 12, 2008
Los Angeles Mayor Antonio Villaraigosa offered a bleak financial forecast for city government over the next two years on Saturday, warning that deep cuts to services and other belt-tightening measures would be unavoidable because of the worsening economic downturn."