Downgrade means paying higher interest rates on bonds. (Or higher taxes, only if they can blame it all on Trump)
notwithstanding any additional lasting economic and revenue impacts from the wildfire events across Los Angeles County in January 2025
Multi-syllable speak which boils down to "losing tax revenue as people (and Hollywood) move out."
(WHY can't these people speak plainly?)
California state law mandates that cities operate on a balanced budget, meaning revenues must equal or exceed expenditures.
Is Karen Bass back in Ghana?
Well I guess more taxes to be raised.
“3rd-largest economy”
/s
Democrat Party rule for decades.
What? Izat some kind of sick joke?
Corrupt LA pols need to look in the mirror - and be investigated for "losing" taxpayer money earmarked for homeless:
"According to a report by the Los Angeles City Controller Kenneth Mejia, more than $500 million budgeted for homelessness programs was not spent during the 2023-2024 fiscal year.
Additionally, an independent audit commissioned by a federal judge found that Los Angeles city and county leaders could not account for the billions of taxpayer dollars spent on the homeless crisis last year.
That’s funny. Gruesome Newsom says they have money falling off of trees in California. We need a fact check!
Riiiiiiiiiiiight..... Any type of "structural imbalance" to democRATS is when someone other than the good Marxist / Leninists have any substantial amount of money.
If you did not get your $$$ through USAID, you must have stolen it.
LA has been bankrupted by Democrat Rule.
structural imbalance
They are bankrupt.
One billion one billion bada bada bada let’s go for two two billion two billion two two two
This matters a great deal. As Steve Bannon likes to say, throughout history, the bond market has turfed out more governments than howitzers.