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Special Districts Finances

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CALIFORNIA | LOCAL
May 16, 1995 | RENE LYNCH and SHELBY GRAD, SPECIAL TO THE TIMES
The feeding frenzy was underway long before a federal bankruptcy judge decided earlier this month how to disburse $5.8 billion in Orange County's failed investment pool among nearly 200 cities, school districts and special districts.
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CALIFORNIA | LOCAL
May 9, 1997 | SHELBY GRAD, TIMES STAFF WRITER
More than two years after his predecessor's risky investment practices wreaked financial havoc on cities and school districts across Orange County, Treasurer-Tax Collector John M.W. Moorlach wants to reopen the county's infamous investment pool to these same outside agencies. Moorlach has quietly discussed the idea with several cities, and officials in at least two--Tustin and Costa Mesa--said they are seriously considering placing a portion of their investments with the county.
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CALIFORNIA | LOCAL
June 27, 1994 | SHELBY GRAD
The water district's Board of Directors is expected to approve an $82.5-million capital projects budget tonight that calls for the construction of a new reservoir and pipelines. Ron Young, general manager of the Irvine Ranch Water District, said the various projects contained in the budget will be paid for by water connection fees and property tax assessments. The budget calls for the construction of a reservoir and access road in the Glenn Ranch area.
NEWS
June 30, 1995 | JODI WILGOREN, TIMES STAFF WRITER
Orange County's top bankruptcy lawyer and financial adviser told the Board of Supervisors on Thursday that the defeat of a proposed sales-tax hike this week makes full repayment of the county's debts--particularly the money owed about 200 local schools, cities and special districts--all but impossible.
NEWS
June 30, 1995 | JODI WILGOREN, TIMES STAFF WRITER
Orange County's top bankruptcy lawyer and financial adviser told the Board of Supervisors on Thursday that the defeat of a proposed sales-tax hike this week makes full repayment of the county's debts--particularly the money owed about 200 local schools, cities and special districts--all but impossible.
CALIFORNIA | LOCAL
February 13, 1995 | BERT ELJERA
The Rossmoor Community Services District has joined the chorus of cities, school and special districts demanding full return of its investment in the collapsed Orange County investment pool. In a resolution passed on a 4-1 vote last week, district directors said the county must assume sole responsibility for the financial crisis and not pass on the losses to the pool investors.
CALIFORNIA | LOCAL
March 21, 1995 | BERT ELJERA
With a $5.4-million note coming due in May, the Garden Grove Sanitary District is considering turning to a private bank for help. A prospective loan from Bank of America would be contingent on the special district raising trash collection rates for residents and business owners. Residential trash rates, currently $13.20 a month, would increase by about 65 cents, and commercial rates could rise by 3%, according to General Manager Ronald D. Cates.
CALIFORNIA | LOCAL
October 26, 1992 | JODI WILGOREN, TIMES STAFF WRITER
First there were cities, and then came counties. And then, government created special districts. Nearly everyone who lives in Orange County is served by at least one special district, but few people have a clue as to what they are. The special districts, which are authorized by state legislation and created by a vote of the people, are essentially the rawest form of local government.
CALIFORNIA | LOCAL
May 9, 1997 | SHELBY GRAD, TIMES STAFF WRITER
More than two years after his predecessor's risky investment practices wreaked financial havoc on cities and school districts across Orange County, Treasurer-Tax Collector John M.W. Moorlach wants to reopen the county's infamous investment pool to these same outside agencies. Moorlach has quietly discussed the idea with several cities, and officials in at least two--Tustin and Costa Mesa--said they are seriously considering placing a portion of their investments with the county.
CALIFORNIA | LOCAL
May 18, 1993 | CARLOS V. LOZANO, TIMES STAFF WRITER
Although the new Thousand Oaks Civic Arts Plaza is not scheduled to open until late 1994, it may already be losing one of its major tenants. Administrators of the Conejo Recreation and Park District recommend that the district drop its plans to acquire office space in the $64-million complex because of tight budget constraints. "We just don't have the resources and wherewithal to proceed at this time," said Tex Ward, general manager of the park district.
CALIFORNIA | LOCAL
May 16, 1995 | RENE LYNCH and SHELBY GRAD, SPECIAL TO THE TIMES
The feeding frenzy was underway long before a federal bankruptcy judge decided earlier this month how to disburse $5.8 billion in Orange County's failed investment pool among nearly 200 cities, school districts and special districts.
CALIFORNIA | LOCAL
March 21, 1995 | BERT ELJERA
With a $5.4-million note coming due in May, the Garden Grove Sanitary District is considering turning to a private bank for help. A prospective loan from Bank of America would be contingent on the special district raising trash collection rates for residents and business owners. Residential trash rates, currently $13.20 a month, would increase by about 65 cents, and commercial rates could rise by 3%, according to General Manager Ronald D. Cates.
CALIFORNIA | LOCAL
February 13, 1995 | BERT ELJERA
The Rossmoor Community Services District has joined the chorus of cities, school and special districts demanding full return of its investment in the collapsed Orange County investment pool. In a resolution passed on a 4-1 vote last week, district directors said the county must assume sole responsibility for the financial crisis and not pass on the losses to the pool investors.
CALIFORNIA | LOCAL
June 27, 1994 | SHELBY GRAD
The water district's Board of Directors is expected to approve an $82.5-million capital projects budget tonight that calls for the construction of a new reservoir and pipelines. Ron Young, general manager of the Irvine Ranch Water District, said the various projects contained in the budget will be paid for by water connection fees and property tax assessments. The budget calls for the construction of a reservoir and access road in the Glenn Ranch area.
CALIFORNIA | LOCAL
May 18, 1993 | CARLOS V. LOZANO, TIMES STAFF WRITER
Although the new Thousand Oaks Civic Arts Plaza is not scheduled to open until late 1994, it may already be losing one of its major tenants. Administrators of the Conejo Recreation and Park District recommend that the district drop its plans to acquire office space in the $64-million complex because of tight budget constraints. "We just don't have the resources and wherewithal to proceed at this time," said Tex Ward, general manager of the park district.
CALIFORNIA | LOCAL
October 26, 1992 | JODI WILGOREN, TIMES STAFF WRITER
First there were cities, and then came counties. And then, government created special districts. Nearly everyone who lives in Orange County is served by at least one special district, but few people have a clue as to what they are. The special districts, which are authorized by state legislation and created by a vote of the people, are essentially the rawest form of local government.
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