LA County Will Suffer a $1 Billion Shortfall This Year

This is LA City Hall, but the county's Hall of Administration is right nearby.Kevin Drum

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.

Oof:

Los Angeles County could see a $1-billion decline in sales tax revenue this fiscal year, which ends June 30, because of the massive economic impact of the coronavirus outbreak. The decline is expected to surpass $2 billion between now and the end of fiscal 2021, according to county estimates released Wednesday.

That’s just one county. A big one, granted, but still just one. This is why it’s so critical for Congress to budget relief funds for cities and states. Consumers will have plenty of cash to pull us out of recession after the lockdowns are over, but their job is going to be a lot harder if they’re working against the headwind of local governments cutting back spending by billions of dollars.

To successfully reopen the economy, we need more spending from consumers, businesses, state governments, and the federal government, all working together. We’re doing OK so far on three out of four of those. Now it’s time to get serious about the fourth.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate