EDGE June Budget Update Impact on Los Angeles
On June 13, the California Legislature approved the State Budget Act of 2025 (SB 101), allocating a total of $321.1 billion, including $228.4 billion from the General Fund and $15.7 billion set aside in reserves. This budget addresses a $12 billion shortfall through a combination of $3.5 billion in reductions, $7.8 billion in borrowing and […]
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