LA County Will Suffer a $1 Billion Shortfall This Year

This is LA City Hall, but the county's Hall of Administration is right nearby.Kevin Drum

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Oof:

Los Angeles County could see a $1-billion decline in sales tax revenue this fiscal year, which ends June 30, because of the massive economic impact of the coronavirus outbreak. The decline is expected to surpass $2 billion between now and the end of fiscal 2021, according to county estimates released Wednesday.

That’s just one county. A big one, granted, but still just one. This is why it’s so critical for Congress to budget relief funds for cities and states. Consumers will have plenty of cash to pull us out of recession after the lockdowns are over, but their job is going to be a lot harder if they’re working against the headwind of local governments cutting back spending by billions of dollars.

To successfully reopen the economy, we need more spending from consumers, businesses, state governments, and the federal government, all working together. We’re doing OK so far on three out of four of those. Now it’s time to get serious about the fourth.

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And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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