
City employees for the second year in a row are being asked take a six percent pay cut and forego a scheduled four percent cost of living increase in order to help the city meet a gaping budget deficit, according to proposals outlined in the budget City Manager Bill Workman submitted the City Council last week.


“It’s been the best first quarter in three years for Los Angeles County,” she said.
Manhattan Beach median home sale prices in April were up 23 percent over April 2009. April’s sales transactions were up 39 percent over April 2009.
The problem is that the real estate market is digging out from a very deep hole, or what the economist characterized as a “violent cycle.”