Los Angeles Mayor Karen Bass has proposed a $14.85 billion budget for Fiscal Year 2026-2027.
Speaking at a press conference on Monday, Bass said the balanced budget predicts increased revenues from property, business, sales and utility taxes. According to the mayor, the budget also promotes greater efficiency in city services.
“I will absolutely not go back to the broken systems of the past,” said the mayor.
Bass, who’s a Democrat, added that she remains focused on reducing homelessness, building more housing, investing in city services and hiring more police officers.
“Today, as many of you know, street homelessness is down almost 18% in the city of Los Angeles while it increased 18% in the nation,” said Bass. “We’re building more housing, accelerating 42,000 units through my executive directive.”
Approximately 6,000 of those 42,000 units are under construction.
“After years and years, we are finally now hiring more officers, and homicides are at a 60-year low because we are also preventing crime as well as holding people accountable,” said Bass. “That is what the budget I’m releasing today is organized around: continuing to change LA, and move it forward.”
Bass made similar comments in a video for her State of the City address.
