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A report by the city's budget director points to a chronic deficit that's being dealt with in only patchwork ways - not a huge surprise considering that elected officials aren't thrilled at the prospect of taking away services that their constituents have become accustomed to receiving. And that tax holiday for new businesses coming to L.A. isn't helping matters. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.