Long Beach Budget: $3.7B, Looming Deficit
Long Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Long Beachs $3.7 billion budget for fiscal year 2026 avoids layoffs and cuts, but warns of an ongoing structural deficit. Fiscal year 2027 could face a $60-80 million shortfall, with cumulative gaps through 2031 potentially exceeding $60 million. Factors include revenue drops, health department deficits, and rising costs. Mayor Richardson blames broader economic uncertainty, while Councilmember Allen pushes for public finance review. One-time funds may not last, potentially leading to deep service reductions in 2027.
Support the show
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected]
View sources & latest updates
https://sources.thednn.ai/8b584899104f2ec5