On April 20th, Mayor Villaraigosa released his proposed budget for Fiscal Year 2012-13. The proposed budget closes an estimated $238 million General Fund deficit through operational efficiencies, revenue maximization efforts, and expenditure cuts, including an eight percent cut in the Mayor's and City Council's budgets and the reduction of the Citywide workforce by 669 civilian positions, 231 of which are currently filled. Nearly two-thirds of these measures are on-going and will permanently reduce the General Fund structural deficit. The Mayor's proposed budget also strengthens the City's cash reserves by establishing a $211 million Reserve Fund. As a percentage of the General Fund, this is the largest reserve set aside since 2002.
The Mayor's proposed budget preserves City priorities such as public safety and private sector job creation by maintaining the size of the Los Angeles police force at its current strength, providing funding for critical Fire Department resources and the hiring of new firefighters, as well as setting aside $2.5 million in start-up funding for a new economic development organization to replace the dissolved CRA/LA. In addition, the Mayor's proposed budget includes an eight point pension reform plan for new civilian employees that increases the retirement age to 67, eliminates pension spiking, and implements other reforms necessary to reduce long-term pension costs.
The proposed budget now goes before City Council for approval.
Select the links below to view FY 2012-13 proposed budget documents:
Mayor's Budget Summary
The Mayor's Budget Summary provides highlights of the proposed budget, the Mayor's progress in moving the City towards a fiscally sustainable future, the staus of the local economy and the City's key revenue sources.
FY2012-13 Proposed Budget
The Proposed Budget Book comprises more technical information concerning departments and special funds. The Proposed Budget Book includes a basic explanation of expenditures, appropriations and sources of funds for each department and major special purpose fund; the Controller's revenue estimate; Federal and State grant funding estimates; and a breakdown of the Proposed Budget by city function.
FY2012-13 Detail of Department Programs (Blue Book) Volume I and Volume II
The Detail of the Department Programs provides comprehensive explanations of year-over-year proposed changes to the City's annual budget base for each operating department and for various funds.
FY2012-13 Revenue Outlook
The Revenue Outlook provides an overview of the revenue anticipated, including an explanation of assumptions, changes between the prior year and program year, and a five-year General Fund revenue forecast.
Following the release of the Mayor's proposed budget, the City Council's Budget and Finance Committee examines the proposed budget and develops recommendations for City Council consideration. The Charter Deadline for the City Council to adopt the budget as proposed by the Mayor or as modified by the City Council is June 1st.
Click here for more information about the budget process and opportunities for community input
For past budget information, such as past budget summary books, proposed budgets, and adopted budget information, please visit the budget archive.