L.A. City Council approves police hiring freeze

It's a three-month freeze that will help ease the city's $47-million deficit to the tune of $725,000 for the fiscal year that ends June 30 and $3.6 million next year. The council also signed off on recommendations by budget chief Miguel Santana that will reduce the current year's shortfall from $47 million to a little over $4 million. Much of this involves moving around unspent money from one department or program to another. Attention is starting to focus on next year's deficit, which will run about $350 million. (LAT, Daily News wires)

Earlier: L.A. budget officials desperately scrounge for every penny


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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