Business & Economy

LA County supervisors warn of additional hit from state budget

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The word out of Sacramento is that state lawmakers could reach a budget deal today. Los Angeles County officials say that if they’ve heard right about rumored elements of the deal, L.A. County could lose another $850 million.

Supervisor Zev Yaroslavsky told reporters Monday that California’s punishing the county for minding its money well.

Zev Yaroslavsky: "We have balanced our budget every year, even in the worst of times, even this year. We can ride out this recession this year, if we don’t have this external attack by Sacramento on our local treasury. The reason they’re doing it is to cover their own profligate spending, their own policy of spending beyond their means."

Yaroslavsky said L.A. County expected to lose some money, but the budget measures under discussion take the losses too far.