S&P lowers city of L.A.’s bond ratings amid budget crisis
S&P Global Ratings has lowered the bond ratings for the city of Los Angeles, which is trying to close a nearly $1-billion budget deficit.On Friday,…
L.A. budget shortfall close to $1 billion; layoffs ‘nearly inevitable’
L.A.’s financial problems exploded into a full-blown crisis on Wednesday, with the city’s top budget official announcing that next year’s shortfall is now just shy…
L.A. may borrow money to pay its growing legal bills
Good morning, and welcome to L.A. on the Record — our City Hall newsletter. It’s Dakota Smith and David Zahniser with all your local political…