Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget La28 topic
No spam. Unsubscribe anytime.
Council committee approves LA28 annual report; directs talks to tie contingency to budget
Summary
The committee filed LA28 (see media_eligibility.reason)
Los Angeles City Council members on a standing committee reviewed the Los Angeles organizing committee (LA 28) annual report for the year ending Dec. 31, 2024, and approved the report as amended on a 5-0 vote. The report updates the games budget to $7,149,000,000, an increase of 3.9 percent from previous figures, and lists a total contingency of $613,500,000, split into an unallocated portion of $343,500,000 and an allocated portion of $270,000,000.
Council members pressed LA 28 officials on fiscal detail and contingency practices during the question-and-answer period. Council member (first reference) Nithya Rodriguez expressed concern that contingency appears flat as overall budget projections rise and urged tying the allocated contingency to the budget as a percentage. LA 28 representatives said total revenue projections increased (from about $6.9 billion to $7.1 billion) and that sponsorship targets remain under review, with the organization noting it has secured more than $2 billion toward a roughly $2.6 billion sponsorship goal.
The committee recorded discussion about the youth sports partnership funded by LA 28: the report states LA 28 committed $160,000,000 to increase youth sport participation and reported a program balance and projected expenditures that, as presented, leave roughly $57,000,000 available for future youth-sports projects after projected 2025 spending.
Council member Blumenfield moved and Council member Rodriguez seconded an amendment directing the Chief Legislative Analyst (CLA) and the City Administrative Officer (CAO) to negotiate changing the allocated contingency from a flat dollar amount to a percentage tied to the budget. The committee approved that amendment and then approved the report as amended by roll call: Harris Dawson, Sotomayor Martinez, Padilla, Rodriguez and Blumenfield voted yes; Price and Yaroslavsky were absent.
The committee requested LA 28 provide further budget detail in its next annual report and flagged continued oversight of contingency and fundraising targets as follow-up items.
