• 2 days ago
Los Angeles is heading toward a staggering $1 billion budget deficit, and officials are pointing fingers at federal trade tariffs, immigration crackdowns, and post-pandemic economic shifts. But some experts argue the real problem is overspending. From shrinking hotel tax revenue to soaring legal settlements and ballooning pension costs, this deep dive explains what’s pushing LA’s finances to the edge — and what might come next, including layoffs and service cuts. Find out what’s really going on behind the scenes of LA’s looming budget crisis.
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