The profligate Los Angeles City Council has gone so far as to allow each council member to hire dozens of aides, some of whom are paid more than $100,000 a year, the National Archives reported on Jan. 30.
Los Angeles, the second-largest city in the United States, has had a growing fiscal crisis fueled by decades of fiscal mismanagement and the continuation of the Communist virus pandemic, along with politically motivated management. an audit conducted in 2019 revealed that the city’s debt burden is approximately $5.1 billion, the equivalent of $4,000 per city taxpayer.
Los Angeles, the base of operations for progressives and liberals on the West Coast of the United States, where the homeless population numbers and the immigration policies implemented have left the city facing expenditures on costs associated with non-U.S. citizens, which has caused explosive problems.
The city also has a perennial problem of underfunded pensions, and in 2007, Los Angeles had to borrow $10 billion from the federal government to pay its pensions. The watchdog’s audit reported that the city of Los Angeles has significant pension payments still to be made, including $8.5 billion in pensions and $2.7 billion in retiree health benefits, which are major contributors to the financial strain.
The financial figures were calculated by OpenTheBooks, a nonprofit regulator that provides, among other things, private sector oversight of local, state and federal government spending.
Open TheBooks data also shows that all 15 Los Angeles city council members earn more than $200,000 a year, more than most federal House members. Other city employees also benefit equally, and the report’s data determined that some 20,000 city employees earn more than $147,000 a year, a salary that adds up to costing Los Angeles city taxpayers nearly $3 billion a year.
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