October 25, 1996 |
San Diego County Rating Cut to New Low: In making the cut, Moody's Investors Service Inc. warned that the county's fiscal flexibility and credit position had weakened. Bill Kelly, San Diego County's assistant auditor-controller, said the move by Moody's will increase the county's borrowing costs. "We're disappointed in the action taken by Moody's but understand the pressure they're under in rating counties whose flexibility has been limited by actions of the state," Kelly said.
November 2, 1995 |
As Los Angeles County officials struggle to rescue their bloated, bureaucratic and financially desperate public health system, they might want to look southward. For a generation, San Diego County has made the sorts of cost-conscious moves that Los Angeles County is only now reluctantly considering in response to a crisis brought on by deep cuts in public funding.
March 13, 1995 |
Should Treasurer Be Appointed?: The San Diego County Board of Supervisors will vote tomorrow on whether to add a March 26 ballot measure asking countywide voters to change the treasurer-tax collector job from an elected to an appointed position. Paul Boland, the current county treasurer-tax collector, has come under fire for management of the county's $3.
December 22, 1994 |
In a bid to prevent a further erosion of the San Diego County investment fund, county Treasurer Paul Boland told voluntary investors Wednesday that he will impose penalties of up to 11% on cities and districts that try to withdraw their funds. The $3.3-billion fund has lost about 11% in value because of rising interest rates and accelerated withdrawals during the last year.
December 17, 1994 |
After the collapse of Orange County's investment fund, San Diego County Treasurer Paul Boland is facing sharp questions about the way he has managed a $3-billion government investment pool. After years of praise for squeezing out high returns for local governments and districts in his county, Boland finds himself defending high-risk investment practices that at first blush look a lot like those used by Orange County's discredited former treasurer, Robert L. Citron.
November 10, 1993 |
The financially strapped Board of Supervisors voted unanimously Tuesday to stop paying emergency medical care bills for illegal immigrants, saying that the money it saves will go to providing health services for the county's working poor who are legal residents. Illegal immigrants will continue to receive emergency care at UC San Diego Medical Center, which has a contract with the county, but the annual cost of $5.2 million will be paid by the university.