LOS ANGELES - Last summer, the City Council passed the most significant minimum wage law in the country so far, increasing the minimum wage to $15.00 per hour by 2020, something that will put more money into the pockets of hundreds of thousands of hardworking Angelenos and more money into our local economy. Councilmember Krekorian played a leading role in shaping the law and his support was critical to its passage.Read more
Our economy is strong and growing in Los Angeles, which is good news for local businesses, residents and the city as a whole. In July of last year, I took on the task of heading up the City Council's new Jobs Committee with the purpose of finding ways the city can help stimulate job creation and focus on community-driven economic development throughout Los Angeles. Although this committee is relatively new -- we've had six very fruitful meetings so far -- the topic is something I've been working on for years.Read more
NORTH HOLLYWOOD - In the mood for a frozen dessert or cold-pressed juices? Ice Krave in NoHo's Arts District has it all.Read more
You may have heard on the radio this week a series of stories about manufacturing jobs in the United States. One segment, called "What Gets Made in LA is Way More Than Movies," highlights that the LA area is the biggest manufacturing hub in the country. With a great climate -- weather and business -- and the two biggest ports in the Americas, the aerospace, technology, apparel, medical equipment, printing, plastics and furniture industries, among others, are still going strong and remain home to hundreds of thousands of good jobs. The importance of LA to aerospace manufacturing is clear when you consider that 80 percent of the nuts, bolts and other fasteners that hold airplanes together are made right here in Southern California. One of the challenges this and other industries face, however, is finding a pool of skilled workers ready to accomplish the technical work. There is a need for government and industry to partner with more local schools to make them useful training grounds for these types of good, middle-class jobs.Read more
This week was an extraordinarily busy and productive one at City Hall. The City Council not only considered significant items related to homelessness and moved forward with our citywide El Niño preparations, we also held committee hearings on topics that likely will be extraordinarily important to the present and future well-being of our city.Read more
NORTH HOLLYWOOD - Cakes, pies, and pastries line the display cases of North Hollywood's Lilit Bakery, a delicious stop for locals and dessert lovers.Read more
As the chair of the City Council's Budget and Finance Committee, Councilmember Krekorian oversees the $9.2 billion city budget. He has been a fiscal watchdog for the city and is responsible for reforming LA's finances and putting the city on a path to economic recovery.
When Councilmember Krekorian took office in 2010, the projected deficit for this year was more than $1 billion. Since then, Krekorian has helped the city reduce costs by more than $800 million, nearly eliminating the entire structural deficit. Under his leadership, the city has also established the highest reserve fund in decades.
Krekorian has also made improvements to the budget that benefit our neighborhoods by investing in infrastructure, public safety and people. He has restored needed funds to the Los Angeles Fire Dept., improved library hours, and directed funding toward sidewalk repair, tree trimming, graffiti abatement, neighborhood beautification projects, cleaning up illegally dumped items, and senior and student programs at our city's parks.
Erasing the city's budget deficit is Krekorian's first budgetary priority. Thanks to his committee's work, the city is on track to make this happen within the next three years.