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Councilmember Bernard C. Parks Leads Chamber of Commerce panel discussion on the Prevention of a Fiscal Meltdown in Los AngelesÂ
Â Councilmember Bernard C. Parks participated in the Los AngelesÂ Chamber of Commerce's Access L.A. City Hall panel discussion "The City Budget: How CanÂ L.A. Prevent a Fiscal Meltdown?"
Â Councilmember Bernard C. Parks, Chair of the Budget and Finance Committee, ChiefÂ Administrative Officer Miguel Santana along with Target Media Partners CEO JackÂ Humphreville, Rubalcava Capital Management Principal Alex Rubalcava and the RegionalÂ Director of Service Employees International Union 721 Julie Butcher discussed the city budgetÂ and what can be done to stop the downward spiral.Â
Â "We've been too good at finding one-year solutions instead of focusing on multi-year solutions.Â Now there is no extra money in the drawer, and our revenue continues to decline as ourÂ expenditures go up" Councilmember Bernard C. Parks stated during the panel discussion. Business people from throughout the region converged on City Hall for a half-day of meetingsÂ and breakout sessions on issues vital to the city. Topics included doing business in Los Angeles,Â the city budget, job creation and more.Â Â