NBC4- Los Angeles City Administrative Officer Richard Llewellyn reported Monday that the city’s projected overspending is now more than $154 million, most of which is coming from salaries that recently increased across departments.
Llewellyn told the City Council’s Budget and Finance Committee in October that the city would need to reel in nearly $148 million in projected overspending this year. That amount was raised after departments reported what they would need for payrolls. Much of the overspending is due to additional salary obligations to “various new” labor agreements.
“Our budget currently for this year is out of whack, and the projections are we’re going to have to do some belt tightening,” Llewellyn said. read more