Pensions

May 28, 2014

City of Los Angeles’ CAO Miguel Santana Unpacks Fiscal and Budget Challenges

With pension obligations remaining a prominent burden, CAO Miguel Santana describes the budget challenges still facing the City of Los Angeles.

April 18, 2014

Austin Beutner on LA 2020’s Suggested Fixes for City’s Economy and Budget Sophistry

Austin Beutner, LA 2020 Commission Co-Chair, explores "A Time for Action" findings.

September 5, 2012

LA City Administrative Officer Miguel Santana Often Speaks Truth to Power

Los Angeles City Administrative Officer Miguel Santana talks about his role in finding solutions to the City's budget crisis, a problem rooted in structural deficits. Can the City of Los Angeles afford to lose or afford to keep the experienced and skilled employees capable of leading the City through the current financial storm?

July 17, 2012

League of Cities Executive Director Implies Recent String of Bankruptcies Is Not Rock Bottom

Chris McKenzie, Executive Director of the California League of Cities, discusses the specter of bankruptcy and the structural difficulties cities face in addressing their fiscal deficits.

April 29, 2020

Rick Cole: The Four Horsemen of the 'Fiscal' Apocalypse

Rick Cole identifies the Four Horsemen of the 'Fiscal' Apocalypse: Cratering Revenue, Neglected Infrastructure, Pension Debt, and Community Need, as heralds ushering the reinvention of city services to meet the needs of today’s urban realities.

April 26, 2020

Cratering Revenues Force Once-Flush Santa Monica to Restructure Budget Priorities: Terry O'Day

Mayor Pro Tempore of the City of Santa Monica, Terry O’Day, on the severe economic challenges Santa Monica is slated to face in the coming months and how the city—acclaimed for its mission-driven, nation-leading investments in livability—is realigning its spending priorities to survive the public health crisis at hand.