Tags: US | LA | City | Layoffs

LA Mayor Orders 1,000 Layoffs to Close Budget Gap

Thursday, 04 Feb 2010 09:24 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The mayor of Los Angeles has ordered the immediate layoff of 1,000 city employees to help to balance the city's budget.

Mayor Antonio Villaraigosa (vee-ah-reye-GOH'-sah) took the action Thursday, after the City Council voted unanimously a day earlier to postpone any action on job cuts for 30 days while they explore other options.

Villaraigosa says his move will strengthen the city's credit rating and its long-term fiscal health.

City budget analyst Miguel Santana says the cuts are necessary because of the city's $208 million budget gap. He says delays will only result in bigger cuts later.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Teenager Survives Flight over Pacific in Jet Wheel Well

Monday, 21 Apr 2014 07:40 AM

A teenage boy who ran away from home survived a five-hour flight in the freezing wheel well of a jetliner that reached 3 . . .

Boston Bombing Nightmare Leads Survivor to Dream Startup

Monday, 21 Apr 2014 06:15 AM

Hours after the blast that ruptured an eardrum and left a 9-inch gash in one leg -- but spared her life -- Amanda North  . . .

Public Funding for U.S. Colleges Rebounds After Years of Decline

Monday, 21 Apr 2014 06:12 AM

Public funding for U.S. colleges increased for only the second time in five years last year, following declines that for . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved