LA Budget Crisis: $1 Billion Shortfall Forces Layoffs
Los Angeles is grappling with a nearly $1 billion budget shortfall, forcing the city to consider widespread layoffs and cuts to essential services. The crisis is fueled by declining revenues, increased expenditures, and the impact of recent wildfires. Mayor Karen Bass is working to develop a plan to address the deficit, but tough decisions are ahead. Read our in-depth report to understand the full impact of this financial crisis on Los Angeles and its residents.