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Councilman Greig Smith on Los Angeles's worsening budget crisis

The Los Angeles City Council today is expected to address the city’s worsening budget crisis. Last week, the city administrative officer said a plan to privatize nine city-owned parking garages had fallen through because the Council had placed too many restrictions on the proposed contract. That’s opened up a more-than $50 million hole in L.A.'s already beleaguered budget. Mayor Antonio Villaraigosa says the deal can be saved. Most on the Council seem to disagree. In an interview with KPCC’s Frank Stoltze, Councilman Greig Smith – who sits on the budget committee – called the plan ill-fated from the start.