L.A. savings on target

Los Angeles saved $32.2 million through employee furloughs during the first half of the fiscal year, putting it on track to reach its $64 million goal by June 30, officials said Monday. Daily News.

City Controller Wendy Greuel released her savings estimate as the City Council grapples to close a $50million budget shortfall during the current fiscal year and a deficit of more than $350 million in 2011-12.

"These savings certainly helped reduce the city's budget deficit," Greuel said in her report to the council and Mayor Antonio Villaraigosa.