City shutdown averted

Saying they can avert a partial shutdown of Los Angeles government, city officials announced Thursday they had found an additional $30 million in revenue and savings to help pay their bills through the next two months. Daily News

They plan to combine the newfound money with a $90 million transfer from the city reserve fund that officials said would allow them to make payroll - but leave the city dangerously short in the event of an emergency.

City Controller Wendy Greuel said she is concerned the city will end the fiscal year with only $30 million left in reserve.