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L.A. County may tap into reserve money

January 27, 2009 5:52:18 AM PST
Los Angeles County may have to tap into its reserves to pay for mounting welfare, construction and operating costs.L.A. County supervisors will consider the plan on Tuesday. The plan calls for spending more than $34 million in reserve money.

The county's chief executive blames turmoil in the state budget negotiations and shrinking tax revenue for the need to pull money from the $216 million reserve fund.


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