LA WATCHDOG--Mayor Eric Garcetti will submit his Proposed Budget for the fiscal year beginning on July 1, 2020 to the City Council on or before April 20 as required by the City Charter.
LA WATCHDOG--The impact of the coronavirus on the City’s already precarious finances has yet to be determined, but there is little doubt that it will cause a materially change in the City’s budget for the fiscal year that begins on July 1, 2020.
LA WATCHDOG--On Monday, City Attorney Mike Feuer announced that he is running for Mayor and creating a fund-raising committee even though the March 2022 primary is two years away.
LA WATCHDOG--In November of 2018, the FBI and IRS raided the offices and house of Jose Huizar in connection with its investigation of pay-to-play corruption at City Hall.
LA WATCHDOG--“One day, hopefully, sooner or later, we’ll knock down the new coronavirus that’s got people rattled. But there is no vaccine for the virus that infects City Hall.” Steve Lopez, Los Angeles Times, March 11, 2020
REVIEW--Over the next month, CityWatch will run a series of articles on the Los Angeles City Employees’ Retirement System (“LACERS”), a $17.7 billion fund created in 1937 to prefund pension and post-retirement medical benefits for the City’s current and retired civilian employees.