City of Los Angeles Chief Administrative Officer Miguel Santana calls for holding the line on restoring past spending and implementing new "investments", as replenishing a fiscal reserve becomes paramount.
City of Los Angeles CAO Miguel Santana is bullish on rebuilding fiscal reserves.
Its Tuesday morning at 200 Spring Street and the buzz this A.M. will be all about what Miguel said.
Judging from Santana's comments, the "Collectivist Dependentcrats" on the "City Clowncil Central Committee" and their Brothers and Sisters allies in the City Labor Unions are not going to wear a free-spending, fiscal smile anytime in the next three years, if the CAO's recommendation to hold salaries for that time period is adopted. Further, the free-spending "Collectivist Dependentcrats" on the City Clowncil Central Committee will not grin at the suggestion that restoring past budget levels and new "investments" ("Collectivist Dependentcrat's speak" for spending more taxpayers money) in new programs, be put on hold in the interest of restoring fiscal reserves ............., and he is right.
The blunt budgetary reality at City Hall is that backwards policies in regards to employee costs (ie. pension obligations), poor decision-making regarding the Port of LA, an unfriendly business bureaucracy and a unhealthy, ethical political environment
, among others, is growing the City of Los Angeles long term drought of its "Fiscal Watershed of Revenue", as obligations against the General Fund grows.
If Los Angeles is to steer away from becoming "Detroit on the Pacific", a three prong approach in growing revenues (by stimulating business growth and not increasing taxes
), reducing future obligations against the General Fund and streamlining efficiency within city departments is a must.
What comes after CD 1 as Mayor Garcetti tours the fifteen mini-fiefdoms that comprise the City Clowncil Central Committee? CD 2 of course as the Mayor's Facebook Page
offers up a photo essay of his day with CD 2 City Clowncil Central Committee Member Paul Krekorian Were awaiting comment from a certain "Tracy the Studio City Sock Puppet".
Lastly, we are glad to report that the four LAPD Officers injured yesterday in a Glassell Park traffic collision have been released from the hospital
. Godspeed to all injured in Monday's accident.
Your thoughts ..............
Scott Johnson in CD 14
Labels: CD 2 City Councilman Paul Krekorian, HACLA, LA Times, lapd, mayor eric garcetti, Miguel Santana, Tracy the CD 2 Sock Puppet Constituent