by Bill McBride on 3/29/2012 09:20:00 PM
Thursday, March 29, 2012
Just a reminder that the state and local layoffs haven't ended ...
From the LA Daily News: L.A. Mayor Antonio Villaraigosa calls for layoffs of city workers
"We're going to lay off a large number of employees. I'm not going to say how many," [Mayor Antonio Villaraigosa] said ... today.According to the BLS, state and local governments have reduced payrolls by about 650 thousand over the last four years. The pace of layoffs has slowed recently, but there are still more to come.
City Administrative Officer Miguel Santana said this week the city's budget deficit for the next fiscal year is close to $220 million.
The mayor said he will push to raise the retirement age for city workers to 67, vowing to put it before voters if not approved by the City Council.
Posted by Bill McBride on 3/29/2012 09:20:00 PM