‘A City In Decline’? ‘2020’ Report Paints Bleak Future For LA

CBS Los Angeles

LOS ANGELES (CBSLA.com) — Poverty, weak job creation and other issues currently plaguing Los Angeles could leave the city “sinking into the future,” according to a report released Wednesday.

The report titled A Time For Truth (PDF) from the Los Angeles 2020 Commission, which was convened to study and report on the city’s fiscal stability, warns the city is suffering from a “crisis in leadership” and a lack of confidence on the part of investors.

“Los Angeles is sinking into a future in which it no longer can provide the public services to which our people’s taxes entitle them and where the promises made to public employees about a decent and secure retirement simply cannot be kept,” the report stated.

KNX 1070’s Ed Mertz reports several pressing issues cited by the commission include poor economic development, traffic, a declining school system, budgetary cuts and deficits, rising pension costs and other…

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