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Los Angeles Mayor Faces Uncertain Financial Future after Term Ends

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With just over a month left in his second and final term, Los Angeles Mayor Antonio Villaraigosa will leave office in June reportedly without a place to live or a car of his own to drive, CBSLA.com reported yesterday. Outside of a rental property in Moreno Valley which brings in about $600 a month, L.A. Weekly said that Villaraigosa has no major assets despite having been paid over $1.6 million during his time as mayor. It’s still unclear where Villaraigosa will land: While staffers have been mum on the mayor’s job search, he is reportedly considering a number of possibilities after denying in February any interest in a Cabinet position in the Obama administration.