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Los Angeles County’s Cities Staying Financially Stable, With a Few Exceptions

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Los Angeles County’s Cities Staying Financially Stable, With a Few Exceptions
An aerial view of vehicles driving near downtown in Los Angeles, California, on April 4, 2022. Mario Tama/Getty Images
John Moorlach
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Commentary

The city of Compton wins the laggard award for Los Angeles County’s 88 cities in releasing its June 30, 2021, annual comprehensive financial report (ACFR). It was completed by its auditing firm on May 8 and presented to its city council on June 4 of this year.

John Moorlach
John Moorlach
Author
John Moorlach is the director of the California Policy Center's Center for Public Accountability. He has served as a California State Senator and Orange County Supervisor and Treasurer-Tax Collector. In 1994, he predicted the County's bankruptcy and participated in restoring and reforming the sixth most populated county in the nation.