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CALIFORNIA | LOCAL
May 23, 2008 | Steve Hymon
The board of the Los Angeles County Metropolitan Transportation Authority approved a $3.4-billion budget Wednesday for the next fiscal year. About 45% of the budget goes to the MTA's bus system, 23% to the rail system and 18% to improving and building roads. The remainder goes to other expenses. The MTA is awaiting word on whether it could lose as much as $200 million due to the state budget deficit. If that happens, the MTA board would likely have to reopen the budget and find ways to save that money in the coming year, said MTA spokesman Marc Littman.
ARTICLES BY DATE
HOME & GARDEN
April 12, 2014 | Chris Erskine
Called a family meeting the other day. Like conversation, a family meeting is another antiquated concept. These days, you're more likely to go on a sleigh ride or visit the Vatican than attend a family meeting. I plow ahead anyway. Our family is now one of those weird sports teams, split between players too young and too old. Our youngest is 11; our oldest, 30. In a sense, we're having our own grandchildren. So, when I call a family meeting, some of them show up in their PJs; some of them show up with hangovers.
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CALIFORNIA | LOCAL
February 8, 2013 | Maeve Reston
The top five candidates for Los Angeles mayor faced an unusually tough grilling Thursday led by Austin Beutner, the former deputy mayor who once stood as a leading contender in the race. While in past debates the candidates have offered a striking lack of specificity about how they would tackle the city's looming $1-billion budget deficit, Beutner -- a retired investment banker who served as Mayor Antonio Villaraigosa's first deputy until mid-2011 -- repeatedly pressed them for details at a lively San Fernando Valley forum.
NATIONAL
April 11, 2014
By Christi Parsons and Michael A. Memoli WASHINGTON - President Obama named White House budget director Sylvia Mathews Burwell to take over the Department of Health and Human Services on Friday, saying there was "no manager as experienced and as competent" to oversee the next phase of his signature healthcare law. "Sylvia was a rock, a steady hand on the wheel" as the administration dealt with the government shutdown last year, Obama told a...
ENTERTAINMENT
January 22, 2009 | Associated Press
Carnegie Hall is cutting its 2009-10 schedule by 10% because of the recession, instituting a hiring freeze and slashing $4 million from the budget for its current season to keep it balanced. Carnegie executive and artistic director Clive Gillinson says next season's budget will be even lower than the revised $76 million for this season. Carnegie announced a schedule of 180 concerts, down from about 200 in recent seasons. Susan Brady, the hall's director of development, says individual giving for this season was down 17% to 18%, to $11 million.
CALIFORNIA | LOCAL
June 11, 2008 | Christian Berthelsen
After an all-day hearing on Orange County's proposed $6.6-billion budget for the coming fiscal year, county supervisors were poised to move forward with a spending plan that was little changed from the original proposal. At the end of the day, during which county department heads presented their budgets and in a few cases asked for more than they were given, the net change to the budget was a reduction of $60,000 in spending but an additional four positions. Some areas are slated to receive large increases in funding, such as an additional $3.1 million to double the number of psychiatric beds in the county to 26, but money to pay for that will come from elsewhere in the budget.
CALIFORNIA | LOCAL
February 18, 2013 | Chris Megerian
When Gov. Jerry Brown needed help pushing his tax plan last year, public-worker unions rallied to his side with millions of dollars and thousands of campaign foot soldiers. Now Brown's administration will be negotiating with some of those unions on labor agreements worth billions. Contracts affecting almost half of all 350,000 state workers -- engineers, administrative staff, librarians, corrections officers and more -- are due to expire this summer. The talks may test the governor's ability to continue limiting spending as California edges free of its years-long budget crisis but continues to face heavy debt.
NEWS
February 13, 2012 | By Kathleen Hennessey
Republicans on the Hill are scoffing at President Obama's budget, saying it's riddled with gimmicks and “fiscal fairy dust” that hide tax increases and inflate the amount of deficit reduction. The White House says the plan announced Monday achieves more than $4 trillion in deficit reduction over the next decade, through a combination of tax increases, Medicare cuts and a winding down of the war in Iraq and Afghanistan. But Republicans quickly dismissed the notion that money not spent on the wars should be counted as savings.
NEWS
February 10, 2014 | By Lisa Mascaro and Michael A. Memoli
WASHINGTON -- The House could vote as early as Wednesday on a bill that would raise the nation's debt ceiling and reverse a cut made to some veterans' benefits as part of the recent budget deal. House Speaker John A. Boehner (R-Ohio) unveiled the proposal at a private meeting late Monday as his party races against the clock to avoid a political showdown over the need to authorize more borrowing. Treasury has said it will run out of money by Feb. 27 if Congress fails to act. Republicans leaders have struggled to devise a way to raise the debt ceiling in the face of steep opposition from rank-and-file GOP lawmakers who want to extract a policy concession in exchange for their vote.
NATIONAL
March 20, 2013 | By Lisa Mascaro
WASHINGTON - Think of it as what could have been: Alternative visions of the federal budget from progressives, conservatives and other rank-and-file lawmakers that have little chance of passing but offer another view of priorities. As House Republicans prepared Wednesday to pass their 10-year austerity budget plan from Rep. Paul D. Ryan (R-Wis.), the chamber first dispatched with alternative proposals. The Congressional Progressive Caucus offered a plan that would increase income taxes on millionaires to 45% - and billionaires to 49% - while paying for infrastructure programs and more money to the states to hire schoolteachers, cops and firefighters.
NATIONAL
April 10, 2014 | By Noam N. Levey and Christi Parsons
WASHINGTON - Kathleen Sebelius, who helped guide the rocky and controversial rollout of President Obama's landmark healthcare law, is stepping down as Health and Human Services secretary after about five years, according to a senior administration official. In her place, the president plans to nominate Sylvia Mathews Burwell, director of the White House Office of Management and Budget. Sebelius was not pressured to resign, according to the administration official. But she leaves after presiding over the disastrous launch of the health law's new online insurance marketplaces last fall.
OPINION
April 8, 2014 | By The Times editorial board
A story line has developed during Mayor Eric Garcetti's first nine months on the job, and it goes something like this: In stark contrast to his predecessor, Antonio Villaraigosa, who often held multiple news conferences a day and launched big initiatives, Garcetti has taken such a low-profile, behind-the-scenes approach that people wonder what he'll have to show for his first year in office. Though Garcetti hasn't avoided the limelight - he was on stage last week with former President Clinton, for instance - he often goes days without a public event, and he hasn't yet proposed a major program or policy change.
CALIFORNIA | LOCAL
April 7, 2014 | By Gale Holland
Addressing several lingering skid row conflicts, a top Los Angeles city budget official Monday proposed a $3.7-million cleanup plan that would increase 24-hour bathroom access for homeless people and expand storage for their belongings. The proposal, which must be approved by the City Council, calls for setting up a skid row parking lot where homeless people could check in their shopping carts for the day. The plan would also increase an existing short-term storage operation by 500 bins, from 1,136 to 1,636, and move a 90-day storage facility east of Alameda Street into the heart of skid row. The round-the-clock bathroom access would be provided at skid row shelters and social service agencies under contract to the city.
CALIFORNIA | LOCAL
April 7, 2014 | By Teresa Watanabe
A citywide coalition of community groups and civil rights leaders unveiled a comprehensive new measure Monday ranking L.A. Unified's neediest schools and urged more targeted spending on students there. The "student need index," which analyzed test scores, dropout rates, gun violence, asthma and eight other factors that affect learning, found that the neediest schools were concentrated in southern and eastern Los Angeles, along with the Pacoima area in the San Fernando Valley. The schools included Fremont and Jordan high schools, Bethune and Drew middle schools and Griffith Joyner and Woodcrest elementary schools.
BUSINESS
March 28, 2014 | By Jerry Hirsch and David Undercoffler
Cars cost a lot of money. With an average sales price of about $32,000, we know a new car is out of reach for many. The automakers know this too, which is why they continue to roll out bottom-rung cars for buyers on way-below-average budgets. The three least expensive cars on the market are the Nissan Versa at $12,800, the Chevrolet Spark at $12,995 and the Mitsubishi Mirage at $13,790. Prices are for the most basic cars with no options but do include destination charges. PHOTOS: The three cheapest cars on the market In that lowly range, their chief competition is a reliable used car - say, a 3-year-old Honda Civic or Mazda3, with low miles.
CALIFORNIA | LOCAL
March 26, 2014 | By Michael D. Sorkin
Murray Weidenbaum taught students at Washington University in St. Louis and presidents in the White House that government should get out of the way and let people and businesses work as hard as they can to achieve as much as they can. He preached deregulation, and his syndicated newspaper columns caught the eye of Ronald Reagan, who in 1980 was running for president. Reagan took Weidenbaum to the White House as his top economic advisor. At first, the administration used tax cuts to fight high unemployment and inflation.
CALIFORNIA | LOCAL
March 5, 2010
Big changes to the budget California lawmakers approved midyear budget changes to address roughly $4 billion of the state's estimated $20-billion deficit. Among them: $1.1 billion Divert gas taxes from mass transit to reduce deficit. $811 million Cut prison healthcare budget. $580 million Cut 5% of state payroll and related costs. $60 million Cut 3% of funds for centers for the developmentally disabled. $182 million Commute sentences of illegal immigrant inmates and turn them over to the federal government.
CALIFORNIA | LOCAL
July 5, 2009 | Associated Press
California lawmakers have little to celebrate this Fourth of July as talks continue on how to close the state's deficit. Little progress was reported Saturday, and the Legislature is not expected to meet until Monday. Gov. Arnold Schwarzenegger and lawmakers are trying to bridge a $26-billion shortfall. Earlier this week, the state began issuing IOUs, and state employees received additional furlough notices.
CALIFORNIA | LOCAL
March 24, 2014 | By James Rainey
With city budget managers intent on limiting new spending and reining in employee benefits, a coalition of union and political groups is fighting back with a report that suggests Los Angeles City Hall is spending too much on Wall Street and not enough on Main Street. The Fix L.A. Coalition, which is made up of union and liberal political groups, plans to release a report Tuesday that suggests the city could substantially reduce the $204 million in bank and money management fees that it paid last year to Wall Street firms.
OPINION
March 19, 2014 | By The Times editorial board
Alzheimer's disease and other dementias not only destroy the lives of those who suffer from them but take a devastating toll on family caregivers and on those who must pay the cost of care. An estimated 5 million people in the United States suffer from Alzheimer's. But that number will increase exponentially in the years ahead because of what Robin Barr, a senior official at the National Institute on Aging, calls "an aging tsunami. " A highly cited published research analysis estimates that the number of people with Alzheimer's around the world will jump from 36 million today to 115 million by 2050.
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