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Budget panel reviews mayor’s proposed FY25–26 plan that closes roughly $900 million gap with sweeping cuts and job eliminations
Summary
The Budget and Finance Committee spent the session reviewing the mayor’s proposed fiscal year 2025–26 budget, a plan the mayor’s deputy said “accounts for $13,950,000,000 in spending” and that the City Administrative Officer called a response to a nearly $1 billion structural gap.
The Budget and Finance Committee spent the session reviewing the mayor’s proposed fiscal year 2025–26 budget, a plan the mayor’s deputy said “accounts for $13,950,000,000 in spending” and that the City Administrative Officer called a response to a nearly $1 billion structural gap.
Why it matters: Angelenos’ core services and city staffing are central to the debate. The proposed plan uses a mix of one‑time and structural changes—including major position reductions, higher reserves and department consolidations—to stabilize finances now while leaving contentious decisions for committee amendments and follow‑up memos.
What the plan…
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