SAN FRANCISCO — Los Angeles Mayor Antonio Villaraigosa proposed a $4.34 billion fiscal 2010-11 general fund budget that would cut spending by 2.2% to rein in the deficit and rebuild reserves amid continued declines in most major tax revenue.

Villaraigosa would close a $485 million gap forecast in January with one-time revenues, furloughs of workers, cuts in capital and other spending, 800 layoffs, and the use of higher-than-expected revenue.

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