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BCHD's Budget Forecasts a Structural Deficit
The November 2024 BCHD Finance Committee and Board Meetings will discuss the clear structural deficit that BCHD has created by volunteering to provide allcove services to all of LA County SPA8 (1.4M population) for 30 years without any long term funding. As a result, services to Resident-Taxpayers will be reduced to offset BCHD's allcove liability.
Definition of Structural Deficit
A government budget deficit occurs when a government spends more than it receives in tax revenue, while a structural deficit is when a budget deficit persists for some time. Structural deficits will eventually pose a problem for any government.
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