Los Angeles Mayor Karen Bass on Monday, April 21, released what city officials described as a balanced proposed budget for Fiscal Year 25-26, which aims to close the nearly $1 billion budget deficit. Here are some of the key takeaways: The total budget is $13.95 billion, including $8.061 billion in general fund revenue.

Since budget planning began, layoffs have been called "inevitable" with 3,500 positions on the chopping block. The final affected workforce number announced Monday included 1,647 filled position layoffs,

Bass will release her spending plan for 2025-26 on Monday, one that's expected to recommend major cuts to the city's workforce.