News

S&P lowers city of L.A.’s bond ratings amid budget crisis
The bond rating downgrades came days after Mayor Karen Bass outlined the city’s stark economic situation in her proposed ...
LAist16h
LA Mayor Karen Bass’ proposed budget would ax a landmark climate action office
L.A.’s proposed budget cuts include eliminating the Climate Emergency Mobilization Office and staff tasked with monitoring ...
Just The News18h
LA's credit rating downgraded due to 'structural imbalance' amid $1 billion deficit
Los Angeles Mayor Karen Bass is currently seeking a state bailout, but given that the state says it has “no capacity” for new ...
LA's credit rating downgraded amid $1 billion deficit, 'structural imbalance'
Standard & Poor's 500 downgraded its credit rating of city of Los Angeles general obligation bonds, citing its “weakening ...
ABC7 KABC20h
LA budget committee to begin hearings on Mayor Bass' proposed $13.9 billion budget
The Los Angeles City Council Budget and Finance Committee will convene in a special meeting Friday, beginning a series of ...
NBC Los Angeles21h
Los Angeles budget committee considers Mayor Bass' proposed spending plan
Mayor Karen Bass’ proposed spending plan aimed at closing a $1 billion budget deficit and addressing other financial ...