Archive for November 11th, 2010

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The PE: AG campaigns watching registrar firing

By PE Politics
on November 10, 2010 2:36 PM

Amid an extremely close vote for California attorney general, the campaigns of Republican Steve Cooley and Democrat Kamala Harris are closely watching the vote count in Riverside County following Tuesday’s firing of Registrar of Voters Barbara Dunmore.

As of this morning, Cooley had a 9,555-vote statewide lead over Harris, a margin equal to 0.1 percent of the ballots cast in the race.

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11:25 PM PST on Wednesday, November 10, 2010

The Press-Enterprise

A day after ousting the registrar of voters, Riverside County officials said Wednesday that they will do everything they can to ensure the remaining votes are counted accurately.

The county still must tally about 28,800 provisional ballots and certify the Nov. 2 results by Nov. 30.

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Joe Nelson, Staff Writer
Posted: 11/10/2010 04:58:28 PM PST

San Bernardino County Supervisor Neil Derry has commissioned a population growth and road capacity study to help the county plan for future development in the San Bernardino Mountains.

The county will soon begin taking bids from contractors to prepare the study, expected to take about a year. The study will be funded by a grant from the U.S. Department of Homeland Security.

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VVDailyPress: County government center opens in Hesperia

November 10, 2010 6:20 PM
Beau Yarbrough

HESPERIA • Victor Valley residents now have a single central location for county services without braving the Cajon Pass.

The Jerry Lewis High Desert Government Center, next to the new Hesperia Police Station, and across from Hesperia City Hall and the Hesperia branch library, held its official grand opening on Wednesday, although many of the county offices inside have been in operation for days or weeks.

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The Los Angeles County district attorney is ahead of San Francisco Dist. Atty. Kamala Harris by about 28,500 votes out of more than 8 million counted so far.

By Jack Leonard, Los Angeles Times
November 11, 2010

Los Angeles County Dist. Atty. Steve Cooley continued Wednesday to cling to a lead of about 28,500 votes in the race for California attorney general, according to a Times review of website updates by all 58 counties.

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By Kevin Yamamura
Published: Thursday, Nov. 11, 2010 – 12:00 am | Page 1A
Last Modified: Thursday, Nov. 11, 2010 – 7:18 am

In what has become a somber November tradition, the nonpartisan Legislative Analyst’s Office projected Wednesday that California must close a $25.4 billion shortfall next year, twice as large as legislative leaders predicted.

California faces another major budget problem because tax rates are slated to drop, the federal government will provide less relief and state leaders enacted a flimsy fiscal plan last month, the analyst’s office found. The economy is recovering, but not fast enough to overcome the state’s budgetary obstacles.

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LATimes: California to launch $14 billion in debt sales

Money & Company
Tracking the market and economic trends that shape your finances.
November 10, 2010 | 6:57 pm

California is counting on investors to buy almost $14 billion in new debt over the next two weeks as the state returns to the bond market after the drawn-out battle to reach a budget agreement.

The budget deal of Oct. 8 already looks out of date: The state’s chief fiscal analyst on Wednesday estimated that Sacramento will have to plug a total of $25.4 billion in deficits by mid-2012.

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On politics in the Golden State
November 10, 2010 | 5:46 pm

State Senate Republican leader Bob Dutton of Rancho Cucamonga said a new report pegging California’s budget deficit over the next year and a half at $25.4 billion means there is no time to waste — and he fired off a letter to lame-duck Gov. Arnold Schwarzenegger asking him to call the Legislature back for an emergency session.

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November 11, 2010

By Ed Mendel

Annual rates paid by some of the 2,000 local government plans in the giant California Public Employees Retirement System could soar roughly 55 percent over the next three years, a CalPERS board member estimates.

Tony Oliveira, who also is president of the California State Association of Counties, made the calculation this week when a CalPERS workshop received new data on the impact of investment losses and a forecast of lower CalPERS investment earnings.

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SacBee: Foreclosure filings drop in California

By Mark Glover The Sacramento Bee
Published: Thursday, Nov. 11, 2010 – 12:00 am | Page 7B
Last Modified: Thursday, Nov. 11, 2010 – 7:32 am

Nearly 66,500 properties in California received a foreclosure filing in October, down almost 12 percent from September and a decrease of 22 percent from October 2009, according to Irvine-based foreclosure analyst RealtyTrac.

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By Laurel Rosenhall
Published: Thursday, Nov. 11, 2010 – 12:00 am | Page 3A
Last Modified: Thursday, Nov. 11, 2010 – 7:18 am

California State University trustees gave final approval Wednesday for a two-step tuition increase that will raise fees by 15.5 percent over the next year.

Tuition for students at CSU’s 23 campuses will go up 5 percent in January and another 10 percent in the fall, bringing the annual cost to $4,884. The average fees charged by individual campuses add an additional $950.

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Dozens of former officers and directors are advised to work out settlements or face legal action for their alleged misdeeds during the financial crisis.

By E. Scott Reckard, Los Angeles Times
November 10, 2010|9:38 p.m.

For former insiders at some of the several hundred banks that collapsed during the financial crisis and in its aftermath, a day of reckoning has arrived.

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