Statement from Mayor Garcetti on Approval of New Salary and Pension Agreement with Coalition of City Unions

“Today, the City Council has approved a strong and fiscally responsible deal with the Coalition of City Unions that replaces risk and uncertainty in our budget with guaranteed long-term savings. By holding the line on raises and securing pension and salary reforms we will be saving more than $16 billion, and this agreement puts the city in a position to restore and sustain the critical services that Angelenos deserve. It is a win for our residents, our employees and our City. I look forward to signing this, and to continue efforts to address our City’s long term financial stability with common sense reform.” – Mayor Eric Garcetti