Has John Moorlach created an Orange County Financial Crisis as Chairmen of the Board of Supervisors? That is what former Orange County Treasurer-Tax Collector Chriss Street told me when I asked him, via email, to respond to allegations that he “skirted county investment guidelines and overcharged investment pool participants, who are now owed an estimated $2.9 million rebate, according to interviews and county audits,” according to the O.C. Register.
Here is the rest of Street’s response – in his own words:
The Treasury Department during my tenure spent less money each year than the year before, and less than the Treasury Department’s budget that was approved by the Treasury Oversight Committee and the Board of Supervisors approved. Continue reading