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County CEO proposes $47.9 billion FY2025-26 budget, warns of $4 billion AB 218 settlement and wildfire losses
Summary
Los Angeles County Chief Executive Officer Fesia Davenport presented a $47.9 billion recommended budget to the Board of Supervisors on April 15, saying the county faces an unprecedented combination of a tentative $4 billion AB 218 settlement, significant wildfire costs and a decline in new ongoing revenue.
Fesia Davenport, Los Angeles County Chief Executive Officer, delivered the recommended fiscal year 2025–26 budget to the Board of Supervisors at the Board’s April 15 meeting and described “a road ahead of us [that] is difficult and paved with a series of unprecedented challenges.” The proposed budget totals $47.9 billion and, the CEO said, represents a reduction of nearly $1.3 billion from the current-year final budget figure.
Davenport emphasized the large, multi-year fiscal headwinds driving the recommendation: a tentative, countywide settlement of AB 218 claims that the CEO characterized as the costliest settlement in county history (treated in her presentation as roughly $4 billion), direct and indirect wildfire impacts totaling at least $1 billion and likely approaching…
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