Government
Jan. 26, 2017
Los Angeles city needs to borrow money to settle rising legal costs
As legal costs rise, the city of Los Angeles needs to borrow millions to settle cases and pay judgments.
Daily Journal Staff Writer
The city of Los Angeles has to borrow money to defend against lawsuits as increasing legal liability costs are projected to nearly double this fiscal year, budget officials said.
Los Angeles set aside $68.5 million for its liability budget to pay for judgments and settlements over the current fiscal year 2016-17, but the City Administrative Office is projecting the city will spend about $135...
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