Op Ed: CALIFORNIA LAWSUIT EXPOSES ORANGE COUNTY FINANCIAL CRISIS
By: Chriss W. Street
The ballooning Orange County financial crisis continued to spiral down as the State of California filed a law suit to force return of $73.5 million of property tax revenue the County skimmed from local schools and community colleges last November. It seemed bazaar at the time that the supposed “Most Conservative County in America” would increase spending by $145.8 million, then grab the school’s cash and cancel planned layoffs of 490 union workers.
The new lawsuit has caused increased scrutiny of other dicey actions by the County. The biggest shock came from the recently released Orange County 2010-11 Audited Financial Report, which discloses the County is short $30,146,000 in Reserves and out of accounting compliance: Continue reading
State Assemblyman Jose Solorio (D-Anaheim) released a statement today regarding the announcement by the State of California that they will file suit against the County of Orange because it withheld property taxes that the State believes it’s owed: Continue reading
Joe Dovinh, a publisher of a Vietnamese newspaper in Little Saigon, and a candidate for the 72nd Assembly District, has been endorsed by the California Democratic Party. I am told that a press release will be out soon.
Dovinh is one of two Vietnamese candidates. The other one is Orange County Board of Education Trustee Long Pham, a Republican. Other candidates include Huntington Beach Councilman Matt Harper, and Los Alamitos Councilman Troy Edgar. Both of them are also Republicans. Continue reading
CALIFORNIA BUDGET CRISIS MAY TORPEDO TAX INCREASE INITIATIVE
By: Chriss Street
State Controller John Chiang shocked California legislators today when he sent a letter announcing that the State will run out of cash on March 8th without the legislature agreeing to allow the State Treasurer to delay $2.4 billion in payments to universities, counties and Medi-Cal, plus borrowing another $3.3 billion from Wall Street bankers.
The Controller’s announcement comes just two weeks after California Gov. Jerry Brown gave his State of the State speech to the combines Legislature, then immediately hit the road in a two-day campaign swing through Southern California to tout his November ballot initiative to raise taxes on all Californians. At a stop with 50 of Orange County’s top business leaders and CEOs, the Governor outlined how he was already making severe budget cuts, reorganizing state government, and implementing a 12-point pension reform plan. Brown said he offered these actions as credibility before asking business to support his November tax initiative. Continue reading
The Libertarian Party of California is Pleased to announce that reservations are now open for the 2012 Convention of Delegates. Follow the links the right for detailed information on what promises to be one of the best conventions we’ve held yet.
In addition to regular party business, we have a tremendous line up of speakers, as well as, breakout sessions where training will take place to better position you to help elect Libertarian candidates and run local party operations for growth. Continue reading