Los Angeles turned a profit on its last Olympics. The 2028 Summer Games may come up short, and leave taxpayers on the hook.

City Controller Kenneth Mejia warned that unless things change, cuts to city services and hiring freezes will continue.

"This year, we must deliver fundamental change in the way the city operates and base our budget on how the city can best ...

The city of Los Angeles is "in a particularly challenging financial position" as it develops a budget for the fiscal year ...

Shifting federal policies, combined with the cost of January’s wildfires, have created “serious financial headwinds” for the city, officials said. By Shawn Hubler and Orlando Mayorquín Los ...

Revenue alone is projected to be $315 million below the city’s four-year projected outlook, according to the city ...

Following a one-day trip by a delegation of City Council members led by Mayor Karen Bass to Sacramento, state lawmakers ...

As the city of Los Angeles faces a staggering budget gap of nearly $1 billion in the 2024-2025 fiscal year, small and big changes are likely to come, impacting the lives of every day Angelenos.

Los Angeles is spending tens of millions more on parking enforcement than it is receiving from parking tickets, leading to a ...

The city of Los Angeles is facing a $1 billion budget gap, according to financial advisors. The gap will make layoffs "nearly ...

Los Angeles Mayor Karen Bass visited the state Capitol on Monday to request nearly $2 billion in additional funds to help her ...

The Los Angeles County Department of Mental Health continues to provide services to millions of residents despite federal ...