Stagnant revenue and rising employee costs threaten City Hall with a $222-million shortfall, official says. A proposal to outsource ambulance services provokes anger from firefighters union. Los Angeles' top budget official raised the specter of bankruptcy Friday in a sweeping report that calls for new taxes, possible layoffs and the privatization of some city services.
L.a. Budget Chief Warns Of Bankruptcy Without Tax Hikes, Layoffs
Sat, 04/07/2012 - 12:00am — By Kate Linthicum, Los Angeles Times
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