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Budget Deficit

Posted inNews

With deficits looming, Long Beach considers new taxes on property sellers, businesses and more

Avatar photo by Melissa Evans Jun 7, 2024Jun 7, 2024

With federal pandemic aid and oil money drying up, Long Beach may raise the price tag on business licenses, electricity fees or property sales. Even a sales tax increase is possible.

The sign for the Luxury Inn in North Long Beach is in the foreground, with the three-story motel visible behind it.
Posted inNews

Here’s how Long Beach will spend $4.6 million in leftover money

Avatar photo by Jason Ruiz Feb 16, 2024Feb 16, 2024
Posted inNews

Long Beach’s projected $36 million budget deficit could be smaller in 2022

Avatar photo by Jason Ruiz Dec 7, 2021Dec 8, 2021
Posted inNews

City’s operating reserves could drain to near zero as officials work to plug $19.7 million budget hole

Avatar photo by Jason Ruiz Feb 10, 2021Feb 16, 2021
Posted inNews

Long Beach braces for staff reductions, service cuts

Avatar photo by Jason Ruiz May 20, 2020May 20, 2020
Posted inNews

Facing potential $41 million deficit, council will discuss financial outlook

Avatar photo by Jason Ruiz May 14, 2020
Posted inNews

As Projected Budget Deficits Grow City Looks to Charter Amendment To Address Shortfalls

Avatar photo by Jason Ruiz Jan 3, 2018
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