Garcetti says he'll focus on the economy when he takes office July 1.
"Balance the budget in the long term, to continue the reform we've done on health care and pensions and making sure we live within our means because when we do that, we are able to restore services," Garcetti said.
Villaraigosa said he looks forward to working with Garcetti for a seamless transition.
"This is a man who has a record, 12 years on the city council, council president for a good portion of that time, somebody who is going to hit the ground running," Villaraigosa said.
After the meeting, Garcetti headed to a special city council meeting, where a vote is expected on the budget.