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04-06-2010, 12:37 PM #1
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L.A. Controller Says City Could Run Out of Cash by May 5
Tuesday, April 06, 2010
L.A. Controller Says City Could Run Out of Cash by May 5
Los Angeles is in deep trouble. The situation has gotten so grim that the city controller says L.A. to Run Out of Cash in a Month. http://www.bloomberg.com/apps/news?pid= ... ou25UDV1F0
Los Angeles will run out of cash on May 5, city Controller Wendy Greuel said today in a release in which she requested a $90 million transfer of reserve funds to pay bills.
“The question I have been asked most often during the budget crisis is, ‘When will the city run out of money?â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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