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Started By
Message
re: Los Angeles faces a nearly $1 billion budget shortfall.
Posted on 4/23/25 at 6:11 pm to L.A.
Posted on 4/23/25 at 6:11 pm to L.A.
quote:
Los Angeles Mayor Karen Bass says city finances are so tight right now, she is proposing laying off more than 1,600 city workers to balance the budge
So which district judge in NYC will say they can't layoff anyone?
quote:
According to data from the L.A. Controller's Office, in fiscal year 2022 the city paid out just over $91 million from lawsuits against the city. The next year that number jumped up to $166 million.
In fiscal year 2024, it ballooned to $247 million.
Damn
1
Posted on 4/23/25 at 6:12 pm to shutterspeed
quote:
ABC7 took a deep dive into the financial mess.
Nobody elected ABC7!!
Posted on 4/23/25 at 6:12 pm to L.A.
But The Great Gavin wants to be President
Posted on 4/23/25 at 6:12 pm to L.A.
The first thing they should do is defund the police throughout the entire state. Effective immediately. Anyone who is not far left can and will leave. Let the remaining commies deal with the fallout.
This post was edited on 4/23/25 at 6:13 pm
Posted on 4/23/25 at 6:28 pm to SDVTiger
quote:
L.A. Sends Brush Clearance Notices to Palisades Property Owner — After Building Burned Down
they are victim blaming nowPosted on 4/23/25 at 7:25 pm to idlewatcher
Calpers is a mess. I remember a few years back they had some hotshot chini fella in charge of investments and he somehow lost billions when the market was rocking.
Then the state had a shortfall (calpers is woefully undervested) so they said "If we took the entire portfolio and invested in these dot.com companies, using their previous three years of enormous growth, and projected it to continue for the next 10 years, voila, calpers has a surplus, no reason to help fund it.
Now lets discuss the rico mess with ripping off medicaid/care so he could give the money to illegal healthcare.
Newsom put a tax on health care providers, then submitted for matching funds from medicaid/care, then refunded the insurance companies and kept the excess he fraudulently billed the federal govt for. It was a planned orchestrated theft plan.
Now can someone look at that fast rail ukraine look a like
Then the state had a shortfall (calpers is woefully undervested) so they said "If we took the entire portfolio and invested in these dot.com companies, using their previous three years of enormous growth, and projected it to continue for the next 10 years, voila, calpers has a surplus, no reason to help fund it.
Now lets discuss the rico mess with ripping off medicaid/care so he could give the money to illegal healthcare.
Newsom put a tax on health care providers, then submitted for matching funds from medicaid/care, then refunded the insurance companies and kept the excess he fraudulently billed the federal govt for. It was a planned orchestrated theft plan.
Now can someone look at that fast rail ukraine look a like
Posted on 4/23/25 at 8:07 pm to L.A.
I hear Ghana is expensive during fire season in LA
Posted on 4/23/25 at 8:09 pm to L.A.
Impossible.
Los Angeles has the third largest economy in the world if it was its own country or something.
Los Angeles has the third largest economy in the world if it was its own country or something.
Posted on 4/23/25 at 9:19 pm to cssamerican
quote:
it’s not that hard to forecast tax revenues and your expenses over time
This is fcking a retarded statement, it’s incredibly hard
Posted on 4/23/25 at 9:29 pm to MisslePig
It’s not hard to see “if we give billions away, we might not have enough.” Is it?
Posted on 4/23/25 at 9:31 pm to MisslePig
quote:
it’s not that hard to forecast tax revenues and your expenses over time
quote:
This is fcking a retarded statement, it’s incredibly hard
Posted on 4/23/25 at 9:36 pm to L.A.
The stupidity of the Demon Party strikes again.
Posted on 4/23/25 at 9:40 pm to SDVTiger
quote:
Arent they 3bil short and not even close to being ready for the Olympics
If they going begging Trump for money, he better tell them there better not be a single gay/tranny/BLM/virtue signaling, etc flag or marketing crap. Pure U S of A only.
Posted on 4/23/25 at 9:47 pm to UnitedFruitCompany
quote:
O man, just wait until the bill for the shite sandwich CALPers is comes due. 3 billion will seem like couch cushion money.
Didn’t the state have a trillion dollars in unfunded liabilities like 10 years ago? I can’t imagine what that figure is now
Posted on 4/23/25 at 9:51 pm to L.A.
Article says they’ve paid out over half a billion in lawsuits over the past two years. That’s insane.
Posted on 4/23/25 at 10:05 pm to Junky
CalPERS has roughly 25% of its pension liabilities unfunded. It’s around $180B.
Even Louisiana TRSL has a smaller unfunded accrued liability in percentage terms and obviously dollar terms.
Even Louisiana TRSL has a smaller unfunded accrued liability in percentage terms and obviously dollar terms.
Posted on 4/24/25 at 5:51 am to L.A.
The article said over 500million paid out on civil lawsuits.
This needs to be fixed.
a-hole cop beats someone senseless? He should be fired, and if needed, prosecuted. Any lawsuits should be towards the individuals responsible, not the city.
This needs to be fixed.
a-hole cop beats someone senseless? He should be fired, and if needed, prosecuted. Any lawsuits should be towards the individuals responsible, not the city.
Posted on 4/24/25 at 6:19 am to slackster
quote:
Article says they’ve paid out over half a billion in lawsuits over the past two years. That’s insane.
Does Caliexico have laws like Louisiana that allow judgements on government ange are treated secondly and regular operating expenses are prioritized instead of judgements. So in other words you can win a judgement against a city, town, or state, but good luck collecting as their regular expenditures are first and then your judgement maybe paid or negotiated to a post judgement settlement for cents on the dollar.
Of course the cities know this and drag their feet, sometimes they will settle if they know the opposing attorney or want to make a political statement.
Posted on 4/24/25 at 6:40 am to DaBike
quote:raise the minimum wage to $500 and then soak all those rich frickers. Just that easy
guess they'll have to increase taxes.
Posted on 4/24/25 at 6:42 am to CR4090
quote:
So which district judge in NYC will say they can't layoff anyone?
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