Dire forecast for cities

Record unemployment brings new reality

When the local economy crashes, city hall feels the pain.
Concerned by the downturn in municipal budgets due to near record unemployment and business failings from the COVID-19 pandemic, the Los Angeles Economic Development Corporation conducted what it called a revenue “stress test” on paper to see how each of L.A. County’s 88 cities will be able to cope with the crisis in the weeks and months ahead.
The goal of the May 18 study was to predict how vulnerable each city will be to the coming rece...

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