Well ladies and gentlemen the on-going saga continues in L.A. as the state continues to struggle to stay afloat. Here’s an interesting article on that subject, we thought you might find it interesting.
Los Angeles will run out of cash on May 5, city Controller Wendy Greuel said today in a release in which she requested a $90 million transfer of reserve funds to pay bills… Greuel, 48, said in the release that the city might not be able to make payroll. She asked Mayor Antonio Villaraigosa and the City Council to release $90 million from reserve funds to meet what she described as “an urgent cash need.” The controller’s financial reporting division estimated that the city would need $90 million to ensure solvency through the fiscal year that ends June 30, according to Golombek.
– Christopher Palmeri, BusinessWeek
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You know, I have to tell you, I really enjoy this blog and the insight from everyone who participates. I find it to be refreshing and very informative. I wish there were more blogs like it. Anyway, I felt it was about time I posted, I
Thanks a lot! We try to keep up to date with what’s going on. There is a lot of really big things happening around the world that people have absolutely NO clue about.