LA County has a bigger economy than many European countries, and would displace Illinois by GDP if it were a state.
LA is fine.
LA County has a bigger economy than many European countries, and would displace Illinois by GDP if it were a state.
LA is fine.
I also think LA will be fine in the long run, I just think that their tax structure will force significant changes. The tax base is able to cover the cities liabilities, it's just that the residents don't want to pay those extra taxes, and don't want to change in ways that let other people pay them.
The city has a billion dollar deficit right now. Trivial for residents to afford ($83 per person), but difficult to actually implement politically.