L.A. City Council committee outlines drastic budget cuts. Budget committee recommends police hiring freeze, 800 more layoffs, 26 unpaid furlough days and cuts to parks, libraries, street-paving and other city services to close an expected $530-million gap.
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Gov. Arnold Schwarzenegger wants to sell state assets including the Los Angeles Memorial Coliseum and Del Mar Fairgrounds, according to a copy of a proposal reviewed by The Times. Other state assets that could be put on the block include San Quentin State Prison and the Orange County Fairgrounds. The move could raise between $600 million and $1 billion, according to a proposal.