More cuts needed in city spending

The city's budget director Wednesday painted an even grimmer picture of Los Angeles' financial health, saying steeper cuts - including 10 more furlough days and shutting down some departments one day a week - would be needed to balance this year's spending plan. Daily News.

City Administrative Officer Miguel Santana said the lack of progress on the proposed sale of city-owned garages, partly due to growing public opposition, could add $53 million to the city's projected shortfall of $350 million.

"It would be irresponsible of my office to not take note of this and recommend we take actions now to reduce the impact," Santana said. "And, we can't put all our eggs in one basket. We need to take steps now or we will be left with no reserve fund at the end of the year."