LOS ANGELES The decision on Thursday comes a day after a major credit-rating
agency issued a gloomy outlook for the city's financial situation.
Moody's Investors Service downgraded its opinion of the city's
finances from "stable" to "negative" because the city has
delayed addressing its $212 million budget deficit.
The eliminations come on top of the 1,000 job cuts ordered by
Mayor Antonio Villaraigosa last week.
Villaraigosa says the city needs to eliminate the budget deficit
by July 1 and close a $484 million gap in next year's budget. The
mayor has suggested that layoffs can be minimized if city workers
agree to pay cuts.
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