Saturday, September 04, 2004

PARKS: L.A. CITY $300 MILLION DEFICIT BY JUNE 30, 2005

Los Angeles, CA—In an alarming wake-up call Los Angeles City Councilman Bernard Parks, chair of the Council Budget Committee, predicted that unless all spending is brought under control only an increase in taxes will prevent a $300 million budget shortfall by June 30, 2005. Commenting on part-two of an interview with Emmy Award winning Full Disclosure host Leslie Dutton. Parks said that if spending continues at the current rate, revenue increases from sales tax, business tax and property taxes will be necessary.

Parks also noted the recent Council vote banning big retail developments is sending the wrong message, that big retail businesses should take their sales tax out of town. He also acknowledged the Council vote was influenced by labor unions who opposed non-union businesses. He said that the union influence often results in a vote, contrary to the better interest of the city.

This part 2 is set to air worldwide on the Internet 24 hours a day, 7 days a week starting Tuesday, September 7, 2004 FREE on demand as a public service for 30 days on the PROGRAM page at http://www.fulldisclosure.net (Parts 1 and 2) will also be featured on the L. A. Channel 36 on Monday & Friday, September 6th & 10th from 7:30 to 8:30 p.m. and on 40 other cable systems throughout California listed on the website.



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