Huffpost Los Angeles

LA City Could Come Out Of Budget Crisis $100 Million Ahead

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As the result of an unexpected spike in tax revenue and a loss of 2,400 workers to early retirement (not to mention a few dozen layoffs), the city of Los Angeles could actually end up as much as $100 million in the black by the end of the fiscal year, which wraps up June 30, City Council President Eric Garcetti said in a comment posted at LA Weekly.

Read the whole story at LA Daily