Archive for January 15th, 2011

YahooFinance (AP): US debt passes $14 trillion, Congress weighs caps

By Tom Raum, Associated Press – January 15, 2011

WASHINGTON – The United States just passed a dubious milestone: Government debt surged to an all-time high, more than $14 trillion.

That means Congress soon will have to lift the legal debt limit to give the nearly maxed-out government an even higher credit limit or dramatically cut spending to stay within the current cap. Either way, a fight is ahead on Capitol Hill, inflamed by the passions of tea party activists and deficit hawks.

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05:33 PM PST on Friday, January 14, 2011

By DUANE W. GANG
The Press-Enterprise

Riverside County supervisors will hold a special meeting Tuesday to decide whether to issue $155 million in bonds to pay for a host of redevelopment projects.

The meeting comes a week after Gov. Jerry Brown proposed a plan to phase out redevelopment agencies, which use property tax revenue to fund public improvements such as sewers, roads, libraries and community centers.

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10:00 PM PST on Friday, January 14, 2011

By SANDRA STOKLEY
The Press-Enterprise

Jurupa incorporation supporters said this week that with limited financial resources and less than a dozen volunteers, they will aim their efforts to get cityhood approved at people who tend to vote.

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The PE: Stater Bros. buys back $45M in notes

08:39 PM PST on Friday, January 14, 2011

Stater Bros. Holdings has redeemed $45.1 million in outstanding notes that were due in 2012. It’s the final step in a plan to repay $525 million in bonds that had an 8.125 percent rate using a combination of cash, a $145 million loan and $255 million in new notes issued at a lower rate.

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By Debbie Pfeiffer Trunnell Staff Writer
Posted: 01/14/2011 11:55:13 AM PST

Alondra Velazco lives in a mobile home park in Rialto, works at a Mexican restaurant to pay for school and relies on her brother and sister for rides to Cal State San Bernardino.

So learning this week that Gov. Jerry Brown’s proposed budget is calling for more deep cuts to the California State University system was both disappointing and frustrating.

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By Neil Nisperos Staff Writer
Created: 01/14/2011 06:33:15 PM PST

CHINO – School officials at Chino Valley Unified on Thursday identified an additional $12.5 million in cuts to help reduce a potential $31.5 million deficit.

The potential cuts, which are likely to result in employee layoffs, are part of a $26 million reduction package the school board will consider at its regular board meeting at 7 p.m. Thursday at Woodcrest Junior High School, 2725 S. Campus Ave., Ontario.

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DailyBulletin: Council names five residents to committee

Created: 01/14/2011 04:10:59 PM PST

By Sandra Emerson
Staff Writer

UPLAND – The City Council Advisory Committee has received a to-do list from council members.

The advisory committee, which consists of five residents, will review campaign contribution limits as well as an ethics code for city officials.

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The plan would take billions out of city coffers and send it instead to school districts, counties and the state. ‘Shameful,’ ‘a disaster’ and ‘a nonstarter’ are among comments from foes of Brown’s idea.

By Jessica Garrison, Los Angeles Times
January 15, 2011

When he unveiled his proposed budget earlier this week, Gov. Jerry Brown declared on the first page that it was time to push more authority to local governments, so decisions could be made “closer to the people.”

A lot of local officials see his actions very differently.

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Fox&Hounds: Taxpayer groups resist Governor’s tax plan

Fox

By Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee
Fri, January 14th, 2011

The Howard Jarvis Taxpayers Association hosted a taxpayers’ summit yesterday in Sacramento and, along with other state and local taxpayer groups, presented a united front against the proposed tax increases and extensions in Governor Brown’s budget.

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SacBee: CRP Chairman Ron Nehring loses RNC treasurer bid

Capitol Alert
The latest on California politics and government
January 14, 2011

California Republican Party Chairman Ron Nehring today lost a bid to become treasurer of the Republican National Committee.

Nehring was defeated by Tony Parker, a Republican National Committeeman for Washington, D.C., in a run-off ballot at the RNC’s winter meeting in Maryland.

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LATimes: UC Riverside grows in popularity

With rising enrollment, university will no longer accept applicants who fail to win admission to another UC campus.

By Teresa Watanabe, Los Angeles Times
January 15, 2011

UC Riverside, long considered a consolation prize by students not admitted to more coveted campuses, registered the biggest increase in applications this year among the University of California’s nine undergraduate campuses, officials announced Friday.

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