City of Los Angeles, CA

Mayor Eric Garcetti wants to exponentially increase spending to reduce homelessness as reports emerge that previous efforts aren't keeping pace.

American Relief Plan funds may also spare the city's reserves, but officials are waiting on the fine print from Washington to see what they can actually do.

The American Rescue Plan provides $1.6 billion in transit dollars to a region stretching from Los Angeles to Anaheim.

Flexibility in federal funding programs that would allow cities to target what they consider their highest priorities is key.

The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.

Police agreed to defer raises in exchange for $70 million in overtime for three years and no layoffs.

Five of the law firm's nine new partners are attorneys of color or women.

She is credited with training a next generation of public finance leaders in Los Angeles and around Southern California.

The pandemic caused the worst economic downturn Los Angeles has ever faced, according to Mayor Eric Garcetti and City Council President Nury Martinez.

The negative outlooks tie to the possibility of more constrained financial resilience in the future, according to Fitch Ratings analysts.

The twin ports of Southern California, in Long Beach and Los Angeles, both reported record numbers this fall.

The $6.8 million, three-year agreement with IBM includes hardware, software and services to design, install, operate and maintain a cyber center that will connect all the port's users to the system.

City Administrative Officer Richard Llewellyn recommended laying off nearly 1,000 police officers in a 144-page budget report.

Jeanne Holm, appointed by Mayor Eric Garcetti, will help guide the city government through its worst financial crisis in a decade.

City leaders are evaluating layoffs, raise deferrals, leasing city assets and postponing construction projects.

Several California cities are cutting police budgets, and shifting non-violent 911 calls to mental health workers.

Municipals showed strength Tuesday in the face of new supply as long yields dipped as much as two basis points.

Yields have essentially remained flat since mid-June as the market has digested new issues well and investors are starved for paper, especially tax-exempts.

Protecting the tax-exempt status of municipal bonds and reviving Build America Bonds are priorities for the New Partnership on Infrastructure.

Mayor Eric Garcetti declared a state of fiscal emergency when he delivered his budget proposal for fiscal 2021.