Mayor Villaraigosa Fibs about Layoffs Again?
It was just a few months ago that Mayor Villaraigosa told us more than 700 Los Angeles city jobs would be eliminated, only to have none of it come true. Then, the millions of dollars of fee waivers continued.Now, Mayor Villaraigosa is saying that the already-projected hundreds of millions of dollars in budgetary shortfall is due....to the stock market.
Sorry, dude. No one is buying it this time.
From KFWB:
Villaraigosa Warns of LA Cash CrunchThe mayor of LA is predicting the economic mess from Wall Street will have a big impact on the city's budget. KFWB's John Brooks reports Antonio Villaraigosa says there may be more layoffs and service cuts. KFWB Big Story - http://kfwb.com
Labels: budget shortfall, fee waivers, kfwb, layoffs, Mayor Villaraigosa
Posted by Shelby York @ 9/26/2008 10:14:00 AM
19 Comments:
Los Angeles to get $50 million in federal foreclosure relief
[Los Angeles Times, 9/26/2008)
Plans call for using the money to buy foreclosed homes and turn them into affordable housing.
By Jessica Garrison, Los Angeles Times Staff Writer
10:11 AM PDT, September 26, 2008
The city and county of Los Angeles will receive about $50 million, and possibly more, in foreclosure relief from the federal government, officials announced today.
The U.S. Department of Housing and Urban Development has set aside nearly $4 billion for such relief, and the state of California will receive more than $500 million of the total, said HUD Secretary Steve Preston.
The city plans to use the money to buy foreclosed homes, fix them up (in some cases adding bedrooms and bathrooms) and turn them into affordable housing, officials said.
jessica.garrison@latimes.com
They're also sending about $10 million in federal money to La Raza to "help" Latinos with their mortgages.
$50 million? That's it? Just 25 houses that cost $2 million.
*****
If there is a silver lining, maybe they can buy up cheap land in poorer and more crime-ridden parts of the city.
When people have a stake in their homes, they take better care of it.
At least this way, someone is ultimately paying for the land that the previous owner doesn't want, and maybe it'll improve the area.
Too bad it has to happen like this.
Haikula:
This city has never had a shortage of affordable housing. There is plenty of it in the crime-ridden and lower-income areas that you described. It's just that no one wants to live there.
How come no mention of the latest Gallup Poll?!?
http://www.gallup.com/poll/110749/Gallup-Daily-Obama-48-McCain-45.aspx
Obama up 3...BEYOTCH
12:49, unlike you, I have projects to manage.
I am also guessing that you don't have a mortgage, like your Haikula does.
Thanks for actually "trusting your Haikula" and following up on the best resources according to me.
Got that, turkey?
Haiku:
I just love you post a "tie" one day...but when the next day comes out...you've got nothing!
Obama's gonna wiiiiiiin
My expectations are for McCain to go senile on all the issues, and to drool a little over the counter. He's a crippled joke who can't even go to the bathroom by himself.
Hey Higby!
When are you and Zuma Dogg going to stop writing about Palin and Obama?
It's sad that the last three posters (who are the same person) is so emotionally invested in the election.
Go ask your husband for some pocket money for the week, sweetheart.
Villaraigosa=Stupid
O'bama=Muslim
Valley Ditz=Dopey house marm whose writing is identifiable from a mile away. Desperately self-involved and will cry if O'bama loses.
WHO SAYS SO, WHERE AND MORE SPECIFIC INFO..PLEASE?
"They're also sending about $10 million in federal money to La Raza to "help" Latinos with their mortgages.
September 26, 2008 10:44 AM"
3:01, that is why valley dope wants nanny government to tell the rest of us what we can't eat, can't drink, can't smoke, or can't think.
One of you pesky posters is leading me to ask where IS Valley Doll?
I assume that when pesky poster writes Valley Ditz or Valley Dull, he/she is speaking of MS's own VD - Valley Doll? Or is there someone else posting about Obama supporters in the valley?
Haiku:
I was 12:49 and 2:01 --- Not any of the others...but I'm sure you would have noticed that by the style/substance of the remarks....
Leave the heavy thinking to those of us here at the MS steering wheel.
We're the cream of the crap. Fa-fa, Fo-fo. Phooey!
"Trust Your Haikula"
"Now Mayor Villaraigosa is saying that the already-projected hundreds of millions of dollars in shortfall is due... to the stock market."
"Sorry, dude. No one is buying it this time."
Haikula, I agree with you. By law, the city is prohibited from investing in the stock market.
Villar is trying to create an artificial financial disaster scenario, then become a hero by announcing that he's found additional funds in the city because he discovered an accounting error. This trick was old before Villar was born.
Many of unionized employees within the city despise Villar for making Los Angeles lose its "envy of the world" reputation.
And is anyone paying attention to the mayor's concerns regarding "sensitivity" to "cultural diversity"? That he sent a letter to Andrew Adelman directing that city employees be more sensitive about doing things on Yom Kippur, the holiest day of the Jewish Year, that might be perceived as less than sensitive? but yet he is going off to San Antonio to hold a fundraiser on that very same day?!!
THIS GOVERNMENT WILL NOT IMPROVE TIL THE PEOPLE ON THE STREET HAVE A SAY IN ITS OPERATION. THAT WON'T HAPPEN TIL WE ELECT THE RIGHT PEOPLE IN THE RIGHT POSITIONS. DEBT WILL CONTINUE TO RISE AND UNEMPLOYMENT. ALSO TIL A LAW IS ENACTED TO GIVE PEOPLE FIRST VOTE ON DEVELOPMENTS, PARKS, POLICE, DWP RATES PLAIN CONTROL OF ALL SPENDING IN LA. THIS CITY GOVERNMENT HAS SPENT TOO MUCH TIME ON THERE OWN PERSONAL POWER PLAY!! LOOK AT "MEASURE V" AND "LA BREA COALIATION" THAT'S A BEGINING!!!
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