l.A. explores revenue options

With Los Angeles still facing a long-term budget deficit, city officials spent a few hours Wednesday brainstorming new ways to bring in desperately needed cash. Daily News.

The city's annual "revenue day" is an opportunity to entertain any proposal to generate new revenue or save money. Officials hope to add $100 million in revenue or savings over the next five years.

Suggestions include using technology to squeeze more money out of city parking garages and contracting more with Los Angeles-based companies so the tax revenue stays in the city.