Antonio Villaraigosa on Budget & Economy
Cut city spending to balance budget; keep essentials
The Proposed Budget for FY2011-12 solves the $457 million General Fund deficit by instituting deep and permanent cuts to City spending while providing the necessary resources for essential
City services including public safety, library operations, and street preservation and maintenance.
Source: City of Los Angeles Mayoral website, "Budget"
, Dec 12, 2011
Supports higher debt ceiling to avoid government shutdown
Americans cannot afford the consequences if the country defaults on its debt.
Mayors across the country unanimously resolved that an agreement must be reached to increase the debt ceiling and prevent the nation from defaulting. This can only happen
if both Houses and both parties work together with the understanding that sacrifices must be shared. The only long-term solution to our economic crisis is a national investment policy that balances both the needs of deficit reduction and job creation.
Source: 2011 L.A. Mayoral press release #015279
, Jul 25, 2011
Page last updated: Aug 17, 2018