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It also has significant pension and retiree health care liabilities.
All told, the three companies have health care liabilities totaling nearly $100 billion.
Meanwhile the city's pension and health care liabilities continue to grow.
"However, the new G.M. does not have pension or health care liabilities that are likely to overrun the company.
Last year's overhaul allowed the automaker to offload billions of debt, including a huge part of its health care liabilities.
In November 2009, the United States Government Accountability Office studied retiree health care liabilities of the 39 largest local governments.
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Health-care liabilities were only 5% funded as of 2008.
It has no inherited pension and health-care liabilities and no auto workers' union.
This goes a long way toward explaining why G.M. has an estimated sixty-two binlion dollars in health-care liabilities.
That scheme offloaded the management of health-care liabilities to a fund run by the tyremaker's union, unburdening the company.
In the longer term, Los Angeles, like many cities, will struggle to fund the pension and health-care liabilities it has incurred.
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