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The City Council unanimously approved a $6 million borrowing measure on Tuesday in order to pay its workers and help close a $10.2 million deficit as the city attempts to avoid a further … more
The City Council will hold a special meeting on Tuesday, where it will be asked to approve a $6 million borrowing measure to help close the bulk of a $10.2 million deficit and avoid a further … more
New York State Comptroller Tom DiNapoli is launching an audit of Long Beach’s finances next month, as the city grapples with a $10.25 million deficit and a credit-rating downgrade by Moody’s … more
A little more than a month after the city declared a fiscal crisis, Long Beach has hit a $10.2 million deficit, a gap that City Manager Jack Schnirman said needs to be closed before the end of the … more
Long Beach Civil Service Employees Association President John Mooney criticized members of the City Council and administration at Tuesday’s council meeting after 14 city workers were demoted and … more
In an attempt to reduce costs amid the city’s financial woes, the City Council has approved an early-retirement incentive that could save the city more than $1 million per year if enough eligible … more
A month after City Manager Jack Schnirman implemented strict controls to rein in skyrocketing overtime costs, city officials said that the new policy has led to a dramatic reduction in overtime … more
A week after the City Council declared a fiscal crisis, Moody’s Investors Service, the credit agency that knocked Long Beach’s bond rating down five levels to near-junk-bond status, praised city … more
The Long Beach City Council voted unanimously on Tuesday to formally declare a fiscal crisis, after an independent auditor presented a bleak picture of the city’s finances and a number of residents … more
City Manager Jack Schnirman called on the city’s various department heads, union leaders and commissioners on Monday to put a halt to overtime spending as he attempts to implement strict cost … more
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