Tom Tapp Deputy Managing Editor“This is quite a day and quite a time,” said Los Angeles Mayor Eric Garcetti at the beginning of his news conference on Wednesday.Earlier in the day, the L.A.
City Council voted to declare a fiscal emergency and approved plans to furlough more than 15,000 city employees. It also voted to carry out early retirement buyouts for another 1,280 employees to try to recoup as much anticipated lost revenue as possible due to the COVID-19 pandemic.Each pay period’s furloughs of city employees represents a savings of $5.79 million, or $104.2 million in fiscal year 2020-2021, according to city documents.
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