“The truth is that next year, that $200 million to $250 million deficit is going to get harder to close,” Santana said.

http://www.dailynews.com/ci_21056662/los-angeles-not-going-bankrupt-like-other-california

In April, City Administrative Officer Miguel Santana had raised the specter of Stockton’s bankruptcy as a warning that L.A. needs to do more to get its finances in order or risk the same fate. But on Wednesday, he also noted that Los Angeles has already taken some important steps to avoid that outcome.