L.A.’s political leaders have been buffeted by bad budget news since the outbreak of COVID-19 — business shutdowns, plummeting tax revenues, a hollowed-out tourism sector and a financial gap that has steadily grown to $750 million.
On Wednesday, Mayor Eric Garcetti and other city leaders received an unmistakably positive sign of a turnaround, with passage of a massive federal relief package that’s expected to send $1.35 billion directly to Los Angeles.
Read more at the Los Angeles Times.