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Mayor Villaraigosa Announces a "Fiscal Emergency"

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Mayor Antonio Villaraigosa has asked City Council members to declare a fiscal emergency, explaining the at the city could run out of cash as early as November. He also announced that he is implementing a furlough plan that will require most city workers to take 26 unpaid days of leave in the next fiscal year. In addition, the Mayor said that he would move ahead with plans to lay off 1,000 employees beginning July 1st - this would be in addition to the 1,600 layoffs authorized by the Los Angeles City Council earlier this month. Police and firefighters would be exempt from the furloughs and layoffs.