The Budget and Finance Committee of Los Angeles City convened on September 16, 2025, to address several key agenda items focused on financial recommendations and project approvals. The meeting began with a series of votes on items 3 through 14, which were approved unanimously by the committee members.

The first item discussed was the approval of recommendations from the Chief Administrative Officer (CAO). Following this, the committee agreed to enhance funding for social services grants aimed at subsidized preschool services. The committee also approved recommendations related to the Veterans Rapid Access Program (VRAP) for the fiscal years 2025 and 2026.

Further discussions included the extension of a grant as recommended by the Public Safety Committee and the approval of a report that outlined necessary modifications. The committee also voted to approve points from the Chief Operations Officer's report and recommendations from the District Attorney's office. Additionally, they adopted an ordinance and approved a report concerning the recovery of funds related to construction and safety.

After these votes, the committee shifted focus back to agenda items 1 and 2. They invited key personnel, including Matzable, Sharon Self, and Dave Hansen, the General Manager of the Power System, to discuss the expansion and modernization project for the convention center. This project was evaluated based on an environmental impact report and related amendments.

The second item involved a request for authorization to issue and sell $990 million in lease revenue bonds for the City of Los Angeles. However, due to time constraints, this item was postponed for further discussion, as committee members expressed the need for more information and clarity on the matter.

Throughout the meeting, committee members emphasized the importance of having accurate and direct information to make informed decisions. They expressed concerns over conflicting data received from Sacramento and sought straightforward answers to ensure transparency for both the committee and the public.

In conclusion, the meeting highlighted significant financial decisions and project approvals, while also addressing the need for further clarification on pending items. The committee plans to reconvene to continue discussions on the postponed agenda items.