California’s stay-at-home orders have been in place for a month. While they have helped flatten the curve, they’ve also caused tax revenues in LA to take a nosedive. Nonessential businesses will continue to be closed for a while, and some won’t survive.
LA Mayor Eric Garcetti gave his annual State of the City address on Sunday evening. He said his administration is faced with a crippling outlook in the coming months and fiscal year.
Today, the mayor proposed a $10.6 billion city budget, which includes a month-long furlough and hiring freeze. The budget still needs approval from the LA City Council.
KCRW
