A public hearing was held in Long Beach Tuesday to address the city's financial problems.

The acting city manager says Long Beach is facing a $4 million budget gap. The $95 million proposed budget would carry a 12 percent tax hike.

The City Council is now seeking to have a state panel review its finances.

"Why not have a fresh set of eyes review all of our practices and give us best practices going forward?" asked acting City Manager Michael Tangney. "Hopefully we can save taxpayers money and be more financially responsible going forward."

Possible solutions include service cuts to lower the proposed tax hike or overriding the tax levy limit.