LOS ANGELES — Facing a $16.6 million deficit just four months into fiscal 2013, Los Angeles officials are contemplating axing 259 city jobs.

The recommendation comes after the city received both good news and bad news from Moody’s Investors Service in early October when the agency completed a review of local ratings throughout California.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.