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L.A. County approves balanced budget

June 22, 2009 12:00:00 AM PDT
The Los Angeles County Board of Supervisors approved a balanced $22.7 billion budget Monday that does not require layoffs or furloughs.The budget is for the 2009-2010 fiscal year. It is $494.2 million less than the budget for the previous fiscal year.

Officials credit previous fiscal policies over the last decade for averting layoffs but caution that the situation may change if the state government decides to take money from local governments to close its own $24.3 billion budget gap.

L.A. County saved money by requiring an average 7.4 percent cut to the budgets of all county departments while keeping up a largely system-wide hiring freeze.

Officials say they saw tax revenues steadily dropping and took proactive measures to keep the budget crisis from spiraling out of control.

The new budget takes effect July 1.

CNS contributed to this report.

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