Budget season has arrived, and on Tuesday, April 30, the Los Angeles City Council’s budget committee will kick off the first in a series of meetings to go over the city’s spending plan for the upcoming fiscal year.
Mayor Karen Bass last week proposed a budget of $12.8 billion for the 2024-25 fiscal year – a decrease of $293 million, or about 2%, from this year’s budget. The city is looking to shore up its finances, having been hit with lower-than-expected revenues as well as increased labor costs and other rising expenses this year.