Karen Bass

And so that is going along fine. We're getting ready to enter into the next phase where the individual homeowners will start rebuilding. And we've been issuing permits and expediting all of that. It absolutely impacts our budget. Let me just tell you, the economic hit to our economy

from the destruction of the palisades and you know the palisades is the only area that is in the city of los angeles altadena malibu those are outside of my jurisdiction it is a 38 million dollar hit to our budget that one neighborhood and that is from a loss of property tax and business tax so it absolutely has an economic impact and then we have to front the money

from the destruction of the palisades and you know the palisades is the only area that is in the city of los angeles altadena malibu those are outside of my jurisdiction it is a 38 million dollar hit to our budget that one neighborhood and that is from a loss of property tax and business tax so it absolutely has an economic impact and then we have to front the money

from the destruction of the palisades and you know the palisades is the only area that is in the city of los angeles altadena malibu those are outside of my jurisdiction it is a 38 million dollar hit to our budget that one neighborhood and that is from a loss of property tax and business tax so it absolutely has an economic impact and then we have to front the money

for the rebuilding and then get the money back from FEMA. So that presents certain insecurity. But our budget problems are not solely because of the fire. They are impacted by the fires. But the main reason why we're struggling in our budget is because of the general economic downturn and cities across our state are experiencing this as well.

for the rebuilding and then get the money back from FEMA. So that presents certain insecurity. But our budget problems are not solely because of the fire. They are impacted by the fires. But the main reason why we're struggling in our budget is because of the general economic downturn and cities across our state are experiencing this as well.

for the rebuilding and then get the money back from FEMA. So that presents certain insecurity. But our budget problems are not solely because of the fire. They are impacted by the fires. But the main reason why we're struggling in our budget is because of the general economic downturn and cities across our state are experiencing this as well.

The other things that cities are experiencing across the country is an increase in liability lawsuits. So for example, a big city like Los Angeles, we're self-insured and we put aside $100 million every year for lawsuits, trip and falls, those types of things. Well, because of COVID and the backlog in the court system, we had triple the amount of lawsuits.

The other things that cities are experiencing across the country is an increase in liability lawsuits. So for example, a big city like Los Angeles, we're self-insured and we put aside $100 million every year for lawsuits, trip and falls, those types of things. Well, because of COVID and the backlog in the court system, we had triple the amount of lawsuits.

The other things that cities are experiencing across the country is an increase in liability lawsuits. So for example, a big city like Los Angeles, we're self-insured and we put aside $100 million every year for lawsuits, trip and falls, those types of things. Well, because of COVID and the backlog in the court system, we had triple the amount of lawsuits.

So instead of a hundred million, we had $300 million that we needed to pay out for lawsuits. And then we gave our workforce raises so we could retain them because you know how expensive it is to live in Los Angeles. So those three issues impacted our budget and we have a huge deficit.

So instead of a hundred million, we had $300 million that we needed to pay out for lawsuits. And then we gave our workforce raises so we could retain them because you know how expensive it is to live in Los Angeles. So those three issues impacted our budget and we have a huge deficit.

So instead of a hundred million, we had $300 million that we needed to pay out for lawsuits. And then we gave our workforce raises so we could retain them because you know how expensive it is to live in Los Angeles. So those three issues impacted our budget and we have a huge deficit.

So obviously dealing with the state's worst disaster in its history has compounded the problems we were already facing.

So obviously dealing with the state's worst disaster in its history has compounded the problems we were already facing.

So obviously dealing with the state's worst disaster in its history has compounded the problems we were already facing.

Well, you know, we have got to turn that around. So let me just tell you what we're doing because we're preparing in a little over a year to welcome the world here. We're going to have the World Cup. Eight games will be played here, but the World Cup will last for 40 days.

Well, you know, we have got to turn that around. So let me just tell you what we're doing because we're preparing in a little over a year to welcome the world here. We're going to have the World Cup. Eight games will be played here, but the World Cup will last for 40 days.

Well, you know, we have got to turn that around. So let me just tell you what we're doing because we're preparing in a little over a year to welcome the world here. We're going to have the World Cup. Eight games will be played here, but the World Cup will last for 40 days.

So one of the things that we're trying to do is to really recreate that spirit we had around the Dodgers when we won the World Series. So at the end of April, we're going to kick off a number of citywide events that help to prepare our city for the world. And we are talking about when the games come, this is going to be an economic uplift to the region.