Proposal makes historic investments in homelessness while maintaining city’s largest cumulative reserves
LOS ANGELES — Mayor Eric Garcetti today announced plans to budget for the 2022-2023 fiscal year, a proposal that makes record investments in roaming while maintaining the largest cumulative reserves in City history at 8.8%.
The spending plan includes more than $1 billion to address the homelessness crisis, the city’s largest ever investment at $1.164 billion, more than 20 times the homelessness budget when Mayor Garcetti took office in 2013. The budget also shows a 6.6% increase in forecast revenue from last year, an indication that the city is experiencing one of the strongest economic recoveries from the pandemic in the country.
“This spending plan is about more than doubling the improvements and solutions that Angelenos can see and feel in their daily lives – it’s about setting our city on a fixed path to stability, prosperity and fairness for generations to come,” the mayor said. Eric Garcetti. “This proposal is both cautious and progressive – bold, yet balanced. As mayor, I have always tried to make forward-looking decisions, and this budget is proof that we can make historic investments today while creating our most fiscally responsible budget yet. day.
The proposed $1.164 billion to address homelessness, the largest proposed investment of nearly $200 million, includes a total of more than 3,700 permanent supportive housing units, $331 million for more than 2,200 housing units in total through the HHH proposal and $255 million for a new HomeKey project cycle, which will add 928 permanent housing units.
To position the City in the best possible position for the years to come, Mayor Garcetti has made fiscal responsibility a top priority throughout his tenure and has worked closely together over the past year to ensure that its final budget would provide a stable and secure set of reserves at hand. to the next administration. The 8.8% cumulative reserves would be the highest mark ever, making the City better prepared to face any future economic challenges than at any time in its history.
The proposed budget provides new resources for public safety, including the hiring of 780 police officers and 260 firefighters. The spending plan would increase current spending on public safety alternatives by more than 30%, with $8 million for CIRCLE, a program to divert non-violent 9-1-1 calls related to homelessness to professionals trained; $2 million for the Therapeutic Transportation Van Pilot program; $37 million for the city’s gang reduction and youth development program; and $6.4 million for Saturday Night Lights, a program aimed at reducing crime and violence during the summer months by providing free food, activities and resources in city parks.
Other key components of Mayor Garcetti’s budget include:
$15 million for waste diversion and water resistance upgrades;
$12.4 million for the purchase and lease of electric vehicles, electric vehicle infrastructure, and citywide charging infrastructure;
$10.5 million for the establishment of the two-part Climate Equity Fund to provide mitigation to low-income communities who suffer disproportionately from climate impacts
$9.7 million for improving street safety;
$4 million in fresh pavement, doubling the City’s current investment;
$3.8 million to expand the city’s clean and green program;
$3 million for Summer Play LA, which will provide low-cost summer camp programs at recreation centers;
Nearly 800 additional sanitation workers, including more than 200 youth positions for the CleanLA program;
$2 million for tree planting in low-canopy neighborhoods.