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Budget and Finance Committee · Mar 23, 2026

Monday1 h 52 min4 officials identified2 public speakers30 agenda itemsVideo: YouTube

Staff read into the record an amendment to Council File 250874S3 on item 2, covering transfers for the demobilization of a tiny home village site in CD3.

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11 of 16 meetings transcribed, Oct 24, 2025 to Oct 2, 2026.This meeting: Mar 23, 2026

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Agenda · 30 itemsShowHide
  1. 12:48Controller report relative to the Revenue Forecast Report for Fiscal Years 2025-26 and 2026-27.1 clip
  2. 1:29City Administrative Officer report relative to the Fiscal Year 2025-26 Fourth Construction Projects Report. (This item is referred to the Government Operations Committee and Budget and Finance Committee. The Government O1 clip
  3. 11:44Department of Cannabis Regulation report relative to amending Article 4, Chapter 10, of the Los Angeles Municipal Code concerning the City’s commercial cannabis record refiling and renewal requirements. (This item is ref1 clip
  4. 11:44Item title withheldit could name a private person · 1 clip
  5. 11:44City Clerk report relative to the Volunteer Trust Fund No. 892 for Fiscal Year 2024-25.1 clip
  6. 45:56Mayor and City Administrative Officer reports relative to the acceptance of a grant award from the Fiscal Year 2024 State Homeland Security Program. (This item is referred to the Public Safety Committee and Budget and Fi
  7. 11:44Board of Fire Commissioners report relative to continued expenditures of the Fiscal Year 2024 Port Security Grant Program funds for fire boat training using a navigation simulator. (This item is referred to the Public Sa1 clip
  8. 11:44City Administrative Officer report relative to the Fiscal Year (FY) 2022 and 2023 Urban Areas Security Initiative Grant Program reappropriations for FY 2025-26. (This item is referred to the Public Safety Committee and B1 clip
  9. 46:31City Administrative Officer report relative to an analysis and recommendations for the City’s transition to a two-year budget cycle.
  10. 11:44City Attorney report and draft Ordinance relative to amending Section 5.121.16 of Chapter 6, Division 5 of the Los Angeles Administrative Code to establish the manner of allocation and programming of the Transportation C1 clip
  11. 11:44Exemption from the California Environmental Quality Act (CEQA) pursuant to Public Resources Code Section 21065 and State CEQA Guidelines Section 15378(b); City Attorney report and draft Ordinance dated November 20, 20251 clip
  12. 11:44Item title withheldit could name a private person · 1 clip
  13. 11:44Item title withheldit could name a private person · 1 clip
  14. 11:44Item title withheldit could name a private person · 1 clip
  15. 11:44Item title withheldit could name a private person · 1 clip
  16. 11:44Item title withheldit could name a private person · 1 clip
  17. 11:44Item title withheldit could name a private person · 1 clip
  18. 11:44Item title withheldit could name a private person · 1 clip
  19. 11:44Item title withheldit could name a private person · 1 clip
  20. 11:44Item title withheldit could name a private person · 1 clip
  21. 11:44Item title withheldit could name a private person · 1 clip
  22. 11:44Item title withheldit could name a private person · 1 clip
  23. 11:44City Attorney report relative to proposed amendments to Contract Nos. C-140018 and C-139942 with Beveridge & Diamond PC for legal services related to the July 11, 2021 flooding incident at the Hyperion Reclamation Plant1 clip
  24. 11:44Item title withheldit could name a private person · 1 clip
  25. 11:44Item title withheldit could name a private person · 1 clip
  26. 11:44Item title withheldit could name a private person · 1 clip
  27. 11:44Item title withheldit could name a private person · 1 clip
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  29. 11:44Item title withheldit could name a private person · 1 clip
  30. 11:44Item title withheldit could name a private person · 1 clip

What happened

Each sentence checked against the transcript.

  1. Staff read into the record an amendment to Council File 250874S3 on item 2, covering transfers for the demobilization of a tiny home village site in CD3.1:51
  2. The result was announced as “4 ayes. These items are approved as stated by the chair.”12:43
  3. The City Administrative Officer presented a report on transitioning to a 2-year budget cycle, including a 4-year strategic plan and a multi-year capital plan.47:00
  4. A motion was made to approve the report’s recommendations with an amendment moving the proposed budget release date to April 1st of the year before the biennial cycle.1:49:35

Quotes

Officials only, in order.

I have a couple of questions and I’m going to turn it over to colleagues. Um, how did we secure the $22 million in one-time funding from the state of California to offset property tax losses resulting from the wildfires?Katy Young Yaroslavsky · Chair · District 525:28
And this will be my final question. Um, when you talked about that, to your assessment of the $200 million deficit that we’ll have, but that translates after we move money from different pots to about $37 million.Eunisses Hernandez · Councilmember · District 142:22

Who spoke

4 officials identified · talk time, most first.

Public comment: 2 speakers.

How we count

Each summary sentence is checked against the transcript before it is published; in a blind check, 98 of 100 sentences were right. A voice gets an official’s name only when two AI readers and a code check agree, so the minutes undercount and are not attendance. Officials only: members of the public are counted, never named, shown or quoted, and full transcripts aren’t published because they can carry their names. More on how we know

Cite this page

Hamlet, “Budget and Finance Committee, Mar 23, 2026: Los Angeles.” https://cities.myhamlet.com/la/budget-and-finance/meetings/2026-03-23. Data as of Oct 9, 2026 (version d14b03c); meeting of Mar 23, 2026.