(The Center Square) - The City of Los Angeles has spent half its reserves in the current fiscal year alone, and may soon have to declare a fiscal emergency, according to a new financial report from City Controller Kevin Mejia. “As we are all painfully aware, revenue shortfalls, liability payouts, and departmental over-expenditures caused the […]
The post Los Angeles spent half its reserves, near 'fiscal emergency' declaration appeared first on The Black Chronicle.
