Archive for May 18th, 2016

Beaumont

Published: May 18, 2016 – Updated: 6:22 a.m.

In April 2015, anti-corruption investigators from the FBI and the Riverside County District Attorney’s office raided Beaumont City Hall and other locations.

The investigation led to seven former city officials facing charges of embezzlement, misappropriation of funds, conspiracy and conflict of interest, which Riverside County District Attorney Mike Hestrin announced in a press conference on Tuesday, May 17.

To read Staff Reports in The Press-Enterprise, click here.

San Onofre

Reopening San Onofre nuclear settlement a ‘credit negative’

By Rob Nikolewski |
May 17, 2016 – 2:35 p.m.

It’s not a ratings downgrade, but Moody’s Investor Service on Tuesday called reopening the financial details of the San Onofre nuclear plant shutdown a “credit negative” for the plant’s operator, Southern California Edison.

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Debt

Capitol Alert
By Dan Walters
dwalters@sacbee.com
May 17, 2016 – 12:03 PM

  • Pew Charitable Trusts pegged state’s debt at $344.7 billion
  • Most of the debt was for future state employee pensions
  • Unfunded health care and bonds made up the remainder

As a proportion of personal income, California had the nation’s 11th highest long-term state debt in 2013, a new report by the Pew Charitable Trusts says.

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