Liability claims against the City of Los Angeles have caused continuing nightmares for the City’s budget mavens.
Over the last five years, the total payouts and settlements for legal actions totaled $541 million, an average of $108 million a year, double the amount for the previous five years (2009-2013) of $264 million, an average of $53 million a year.
This problem has been compounded by the fact that the City has underestimated its Liability Claims as payouts and settlements over the past five years have exceeded the budgeted amounts by $234 million, an average of almost $50 million a year.
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