Long Beach Dips Into Reserves Again | Long Beach News

Long Beach is digging into its emergency reserves—$27 million this year—to survive a deepening financial crisis, as rising labor costs, soaring insurance, and under-budgeted staffing demands strain the budget. The city manager warns of “very difficult changes” ahead, including possible service cuts, after last year’s reserve drawdown. Police slashed overtime and delayed recruit training, and opted for leased vehicles—a move that locks in long-term costs. With revenues down and expenses up, rebuilding reserves looks shaky, and the city joins a regional trend of cities bleeding through their emergency funds. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1ce6b6de4b0f1e0d