Mayor Eric Garcetti and Los Angeles labor leaders have reached an agreement to delay 15,000 worker furloughs which would have represented a pay cut of 10%.
L.A.’s Fiscal Outlook is Grim
Brittany M. 10/27/2020 - 8:53 AM
Los Angeles city coffers have been battered by coronavirus business closures. And with stimulus talks going nowhere, the future looks bleak.
Disney's announcement that it will lay off about 28,000 employees from its Parks, Experiences and Products division has sent shock waves through Orange County.
The mayors of San Diego and Oakland joined Public Policy Institute of California (PPIC) president/CEO Mark Baldassare last week to discuss the challenges local governments face as a result of the COVID-19 pandemic.
Difficult times are ahead.
Just 46% of San Francisco storefronts were able to survive the pandemic. That’s according to a recent survey conducted by the San Francisco Chamber of Commerce.
Zoning changes, permit reform, tax incentives and more.
With sales tax revenues plunging, many cities are taking a second look at legalized cannabis as a revenue enhancer.
State and local governments are hemorrhaging jobs and it’s not clear when, or if, more federal relief will come.
Positive signs in the job market are a good thing. But state, local governments, and schools still need more help.