Council approves revised budget for $14.9 billion - Los Angeles Wave Newspaper Group

Council approves revised budget for $14.9 billion - Los Angeles Wave Newspaper Group

Wave Wire Services LOS ANGELES — The City Council approved a revised $14.9 billion budget for fiscal year 2026-27 May 21, preserving the core structure of Mayor Karen Bass’ proposal while making adjustments to reinforce reserves. The City Council voted 12-1 to approve the revised budget, which increased the city’s reserve fund from $490 million to $515.9 million, and represents about 6% of general fund revenues. The spending plan increased the c…

LA Council approves revised $14.9B budget

The Los Angeles City Council, on May 21, approved a revised $14.9 billion budget for fiscal year 2026-27, preserving the core structure of Mayor Karen Bass’ proposal while making adjustments to reinforce reserves. The City Council voted 12-1 to approve the revised budget, which increased the city’s reserve fund from $490 million to $515.9 million, and represents about 6% of general fund revenues. The spending plan increased the city’s budget sta…