Los Angeles Faces Nearly $1 Billion Deficit as It Rebuilds From FiresShifting federal policies, combined with the cost of January's wildfires, have created "serious financial headwinds" for the city, officials said.
Source: Los Angeles Faces Nearly $1 Billion Deficit as It Rebuilds From Fires (https://www.nytimes.com/2025/03/19/us/los-angeles-budget-deficit.html)