The Los Angeles City Council today will consider the 2021-22 fiscal year budget that was proposed by Mayor Eric Garcetti and revised by the Budget and Finance Committee, which includes historic spending to combat the homelessness crisis.
The city expects to receive that funding within the next month, with the second half expected 12 months from now.
Chief Legislative Analyst Sharon Tso told the Budget and Finance Committee that parts of the budget depend on federal guidelines for how the American Rescue Plan funding can be used. It is going to remain to be seen how those guidelines are interpreted and whether the budget is going to be consistent with those guidelines, Tso said. We believe they are. We believe that adjustments will be necessary though to make certain of that.
The city is scheduled to receive half of the funding in the next month and the second half a year later.
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