That immediate budget crisis the mayor, the City Council and the CAO have been talking about? Not happening. Money has been found to pay city employees using a transfer from the reserve fund and some newly discovered cash. "To all of our surprise, we've gotten an increase in revenues of $30 million more from property tax than we expected," Mayor Antonio Villaraigosa said Thursday. "We might not be out of cash after all." Council president Eric Garcetti: "There's no scenario, unless something catastrophic happens, where we are going to be in the red." They still want the DWP money, but will anybody believe the mayor or the council the next time they cry crisis? Everybody also now seems to concede that Villaraigosa's threat to shut down departments two days a week was a fantasy he lacked the power to deliver on. LAT, DN, Mark Lacter
Politics