Is the City of LA Going to Run Out of Money?

Hosted by
Plans for restoring city services cut by the recession have depended in part on reducing employee retirement cost, but this week pension reforms were overturned by an appellate board. What’s in store for street and sidewalk repair — and workers who want to retire when they’re 55?

Plans for restoring city services cut by the recession have depended in part on reducing employee retirement cost, but this week pension reforms were overturned by an appellate board, leading to warnings of “fiscal instability.” What’s in store for street and sidewalk repair — and workers who want to retire when they’re 55?

Also, yesterday’s explosive water-main break near UCLA is just the latest catastrophe for the DWP. Will there be more to come? Plus, plans to replace the San Onofre nuclear power plant meet opposition from advocates of green energy.

Banner Image: Los Angeles mayor Eric Garcetti, who supported the pension reforms that were overturned this week; Credit: CA Barack Obama Digital Media Team

From this Episode:

Credits

Host:

Warren Olney

Producers:

Benjamin Gottlieb, Katie Cooper