No St. Patrick's parade in cash-strapped Los Angeles

With no pot of gold in sight and a looming budget crisis, Los Angeles has had to go without its downtown St. Patrick's Day parade.

Councilman Tom LaBonge says it was best to save the thousands of dollars it normally costs to close downtown streets.

Instead of the parade, the sports and entertainment company AEG held a festival with music and a beer garden at the downtown L.A. Live complex by Staples Center.

As many as 4,000 city jobs could be cut as Los Angeles faces hundreds of millions of dollars in budget shortfalls this fiscal year and next.

Copyright 2010 The Associated Press.