LA’s overspending nightmare laid bare as Nithya Raman prepares to inherit budget mess

Source: New York Post

Los Angeles Mayor-elect Nithya Raman will inherit a city facing nearly $322 million in projected overspending when she takes office next month — leaving her to tackle mounting financial problems while preparing her first budget. A November 4 report from City Administrative Officer Matt Szabo projects $321. 8 million in overspending for the fiscal year ending June 30 2027, a 22% increase from the $263.