Archive for February 17th, 2011

The PE: Legislation proposed to take control of Ontario Airport

By PE Business
on February 17, 2011 10:27 AM

State Sen. Bob Dutton, R-Rancho Cucamonga, has introduced legislation that would transfer control of Ontario International Airport to a regional airport authority.

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Stone

By PE Politics
on February 16, 2011 11:04 AM

Riverside County Supervisor Jeff Stone’s unsuccessful Senate campaign raised almost $204,000 in June 2009, when authorities allege that “potato baron” Larry Minor arranged contributions to Stone and illegally reimbursed the donors.

Minor reached a plea deal Wednesday. Stone has not been charged with any wrongdoing.

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FinancialTimes: Downgrades loom for US states

Capital Markets

By Nicole Bullock in New York
Published: February 17 2011 05:01 | Last updated: February 17 2011 05:01

Cash-strapped US states and cities face the prospect of downgrades after Fitch Ratings changed the way it analyses their burgeoning pension bills.

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Bloomberg: Consumer Prices in U.S. Climb More Than Forecast

By Bob Willis – Feb 17, 2011 5:54 AM PT

The cost of living in the U.S. climbed more than forecast in January, led by higher prices for food and fuel that may be starting to filter through to other goods and services.

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February 17, 2011
by Dennis Jacobe, Chief Economist

PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, hit 10.0% in mid-February — up from 9.8% at the end of January.

Gallup’s U.S. Unemployment Rate, 30-Day Rolling Averages, 2010-2011

The percentage of part-time workers who want full-time work worsened considerably in mid-February, increasing to 9.6% of the workforce from 9.1% in January.

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The PE: SAN JACINTO: Plea bargain for Agri-Empire chief

11:00 PM PST on Wednesday, February 16, 2011

By RICHARD K. DE ATLEY and DUANE W. GANG
The Press-Enterprise

PDF: Read the indictment of Larry Minor

Agri-Empire chief Larry Minor cannot make political contributions for three years and will pay a $60,000 fine to the state Fair Political Practices Commission in a plea bargain Wednesday to end his campaign contribution money-laundering case.

The 14-count indictment, secretly issued in December, was announced Tuesday and settled less than 24 hours later.

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The PE: REDLANDS: Budget reports shows positive signs

10:00 PM PST on Wednesday, February 16, 2011

By JAN SEARS
The Press-Enterprise

A “somewhat rosy” picture of Redlands’ municipal budget was delivered to the City Council this week, along with warnings that the report should be received with cautious optimism.

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The Sun: San Bernardino agency buys Carousel Mall

Josh Dulaney, Staff Writer
Posted: 02/16/2011 08:44:27 PM PST

SAN BERNARDINO – Carousel Mall is under new ownership: the city’s taxpayers.

The city Economic Development Agency bought the mall for $13.1 million at an auction Monday, in the midst of a lawsuit filed by the previous owners to block the transaction.

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The Sun: Audit shows Colton steadily losing funds

Ryan Hagen, Staff Writer
Posted: 02/16/2011 07:49:36 PM PST

COLTON – No one on the City Council was surprised when an outside audit showed major deficit spending. But just about everyone had something to say about it.

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DailyBulletin: New chief for Arrowhead Credit Union

Andrew Edwards, Staff Writer
Created: 02/16/2011 06:40:12 PM PST

SAN BERNARDINO – Arrowhead Credit Union will soon have a new interim leader, but the government-appointed management team is still in charge of the Inland Empire institution.

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Staff and Wire Reports
Created: 02/16/2011 06:40:45 PM PST

The California Supreme Court on Wednesday agreed to decide whether backers of Proposition 8 have a legal right to defend the voter-approved ban on same-sex marriage when the state’s top elected officials refuse to do so.

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Canan Tasci, Staff Writer
Created: 02/16/2011 06:48:16 PM PST

MONTCLAIR – A request to increase the Fire Department’s overtime budget has been turned down by City Council members at their midyear budget review.

The Fire Department is requesting $94,496 for additional overtime for the remainder of the fiscal year, but, instead, council members on Tuesday directed Fire Chief Troy Ament to implement “jump staffing” to help control costs.

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VVDailyPress: Victorville project mired with obstacles

City may raise sewer rates 20 percent; Top officials ignored repeated staff warnings of looming financial fiasco.
February 16, 2011 6:11 PM
Brooke Edwards

VICTORVILLE • The city is coming up $11 million short to complete its wastewater treatment plant as planned, and City Manager Jim Cox said Victorville is facing almost certain litigation from its neighbors over the project.

Now, with water district cash depleted, staff is exploring the possibility of raising residents’ sewer bills by as much as 20 percent to cover shortfalls and shutting down the plant that began operating last summer until they can figure out a way to make it financially feasible.

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11:46 PM PST on Wednesday, February 16, 2011

By JOHN F. HILL
The Press-Enterprise

After hours of debate, the Murrieta City Council on Tuesday passed an ordinance that would allow it to exceed voter-approved limits on what it can pay top employees.

Council members acknowledged the solution wasn’t final, and that it wasn’t going to satisfy the backers of Measure E.

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Dutton

By Susan Ferriss
sferriss@sacbee.com
Published: Thursday, Feb. 17, 2011 – 12:00 am | Page 1A

Senate Republicans have no interest now in providing votes to put Gov. Jerry Brown’s proposed tax increase extensions before voters, even if Democrats agree to overhaul the state’s pension system and enact a spending cap, the Senate’s top Republican said Wednesday.

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By Dale Kasler
dkasler@sacbee.com
Published: Thursday, Feb. 17, 2011 – 12:00 am | Page 6B

CalPERS is struggling with how much to restrict its employees’ activities to prevent a repeat of the bribery scandal that has engulfed the California pension fund.

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LATimes: State Senate Budget Committee votes on cuts

Seeking to trim $12 billion from California’s spending plan, the committee votes to increase drug Medi-Cal costs for patients and reduce payments to providers, among other cuts.

By Shane Goldmacher, Los Angeles Times
February 17, 2011

Reporting from Sacramento —

Lawmakers on a key state budget panel Wednesday took their first steps, albeit gingerly, to trim government spending, agreeing to charge the poor more for medical care, pay less to the physicians who tend to them and reduce what taxpayers spend on children’s eye care, among other cuts.

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