[temp1831]

>This time, organizers said they based the budget on “real” dollars, looking across the next decade to predict expenses and revenues in terms of when the money is actually spent or received.

To be interpreted as: It takes multiple revisions of the budget before somebody in the city government was even realistic enough to apply a discount rate to future cash flows.

[gamblor956]

No, the original budget was based on an LA 2024 Olympics. After LA accepted the LA2028 Games, the budget needed to be revised. Due to the...uncertainty...of the Trump administration's impact on the economy, it took a while to determine a reasonable forecast for inflation over the next decade.