Page 10 - CAO Overview of the Proposed 2022-23 Budget

PENSION EXPENDITURES

Combined City Contributions to LACERS and LAFPP

went down by $24 million:

LACERS

Increased $31 million from $601 million to $632

million

LAFPP

Decreased $55 million from $722 million to $667

million

2022-23 Proposed Budget

Presentation to the Budget and Finance Committee