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LA City budget crunch




Los Angeles Mayor Antonio Villaraigosa
Los Angeles Mayor Antonio Villaraigosa
AFP/Getty Images

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$212 million--that’s the shortfall faced by the City of Los Angeles this year. Last week, Mayor Antonio Villaraigosa ordered the elimination of 1,000 city jobs. But even that drastic measure only saves $50-million this year. Where’s the rest going to come from? And with a $484-million shortfall looming next year, what’s the city’s long term financial prognosis? Larry speaks with Mayor Antonio Villaraigosa about LA’s ongoing budget woes.

Guest:


Los Angeles Mayor Antonio Villaraigosa