Based on the search results, the budget for Los Angeles in the 2023-2024 fiscal year is currently being proposed and finalized by Mayor Karen Bass and the City Council.
On April 18, 2023, the mayor presented her proposed city budget, which focuses on addressing the homelessness crisis, enhancing public safety, and promoting a “new L.A.”
The proposed budget for the city amounts to $11.2 billion, reflecting a 5.6% increase compared to the previous year.
Additionally, the proposed budget for the Los Angeles Police Department (LAPD) is $1.995 billion, a 6.3% increase from the previous year, while the proposed budget for the Los Angeles Fire Department (LAFD) is $733 million, a 3.8% increase from the previous year.
A significant portion of the proposed budget, nearly $1.3 billion, is designated for addressing the homelessness crisis, including initiatives such as expanding the Inside Safe pilot program, acquiring motels and hotels, establishing mental health and substance abuse treatment facilities, and establishing the Office of Housing and Homelessness Solutions.
The proposed budget will undergo review and approval by the City Council, which will conduct public hearings and deliberations in May 2023.
It is expected that the final budget will be adopted by June 1, 2023, and go into effect on July 1, 2023.
Throughout the budget process, the City Administrative Officer (CAO) will provide financial analysis and recommendations to the mayor and council.