Kaminsky fights for state aid for Long Beach
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Long Beach votes to seek $5M in state aid, oversight for finances
Long Beach officials could receive up to $5 million in state grants and loans to help the city’s fiscal recovery, if the state agrees to review its finances.
The City Council voted unanimously Tuesday night to apply to the state Financial Restructuring Board for Local Governments, which could grant aid in exchange for state-mandated reforms.
Sen. Todd Kaminsky (D-Long Beach) had referred the city to the program, as the council considers raising taxes by 12.3 percent to plug a $4.5 million deficit.
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