California
Sunday, 7/19, 04:29 PM
Long Beach Takes 16.5 Million From Its Emergency Reserve and Warns of Harder Choices
- The county's second-largest city drew $27 million from four reserve accounts this fiscal year, including $16.5 million from an emergency reserve that stood at $50.1 million.
- Its operating reserves are exhausted.
- The city manager says the next budget will require very difficult changes.