As an important part of the annual budget development process, the City Charter requires that each Neighborhood Council have the opportunity to present the Mayor and the City Council with a list of priorities for the City budget. Over the past four years, Mayor Villaraigosa has implemented a structured process to ensure that all Neighborhood Councils and community members have the opportunity to become informed about the proposed City budget and have the ability to submit their ideas, comments, and budget priorities directly to his Office.

The Los Angeles Budget Challenge survey asks respondents to address next year's projected General Fund budget deficit of approximately $400 million by making decisions on reductions to programs and services, implementing Citywide cost-cutting measures, and by raising revenue through taxes or other initiatives.