Concessions or layoffs, mayor warns
Mayor Antonio Villaraigosa asked city unions Monday to "share the sacrifice" felt by private sector workers and accept pay and benefit cuts as a way to save 2,800 jobs now on the chopping block. Daily News.
Villaraigosa said the city's projected shortfall for next year has grown to $530 million - an amount that can be covered only through employee concessions, service cuts and another round of fee increases.
"There has never been a time like this," Villaraigosa said at a City Hall news conference. "The key to use getting through this is shared sacrifice."

Los Angeles Daily News City Hall reporter 

"Shared Sacrifice" to this mayor is that the taxpayers absorb 70 percent of the fee increases and 29 percent of the service cuts. The overpaid city employees give up just one percent of the shortfall.
Mayor Tony, this taxpayer is fed up with no givebacks by elected officials and the city workers. My company has told us that there will be no pay increases this year along with a hiring freeze. With the Sacramento budget "deal," I have no more money to give to the city.