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Ventura County Finances

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CALIFORNIA | LOCAL
June 17, 1996 | CARLOS V. LOZANO, TIMES STAFF WRITER
One year after approving an ordinance that forever shields law enforcement from the budget ax, Ventura County supervisors are struggling with the high cost of that decision as they prepare to chop away at a $20-million operating deficit. But the three supervisors who supported the ordinance said they stand by their decision, even if it means libraries, mental health and social services must bear the brunt of budget cuts in the new fiscal year, which begins July 1.
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CALIFORNIA | LOCAL
May 27, 2003 | Catherine Saillant, Times Staff Writer
Grand jurors say Ventura County government's auditing department is so weak that major reforms are needed to fix it. Financial reviews take up to two years to complete and are watered down by the county's "collegial" approach to auditing, the grand jury said in a report released last week. That undercuts the department's intended function as the taxpayers' fiscal watchdog, the report stated.
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CALIFORNIA | LOCAL
February 19, 2000 | MARGARET TALEV and CATHERINE SAILLANT, TIMES STAFF WRITERS
The county must set aside all of this year's tobacco settlement money, continue a freeze on hiring and put all new programs on hold if it hopes to get its financial house in order, the county's new chief administrative officer said Friday.
CALIFORNIA | LOCAL
December 2, 2001 | CATHERINE SAILLANT, TIMES STAFF WRITER
Ventura County and its 10 cities could lose up to $75.3 million in state funding because of California's weakening economy and a deepening nationwide recession, budget managers warn. Legislators could shift the revenue to help close an anticipated $12.4-billion deficit in the state's 2002-03 budget, officials say. Sacramento politicians took similar action in the early 1990s when the state was in the throes of recession.
CALIFORNIA | LOCAL
March 15, 2000 | By MARGARET TALEV,
As the Board of Supervisors explores plans to expand housing for the mentally ill, Chief Administrative Officer Harry Hufford is warning that the county doesn't have the money to build and maintain additional facilities, no matter how pressing the need. "The issue really is, how far should the county go to replace services that the state abandoned and shifted to the counties?" Hufford said Tuesday.
CALIFORNIA | LOCAL
March 29, 2000 | By MARGARET TALEV,
Supervisors on Tuesday asked county attorneys to pursue legal action, including a court injunction, to block a ballot initiative that would strip Ventura County of more than $225 million in tobacco settlement funds and give the money to private health care providers. The Board of Supervisors decided to fight after County Counsel Jim McBride told the board he believes the initiative improperly usurps its authority. "It's unconstitutional," he said, after a two-hour closed session on the issue.
CALIFORNIA | LOCAL
March 29, 2000
Supervisors on Tuesday asked county attorneys to pursue legal action, including a court injunction, to block a proposed ballot initiative that would strip Ventura County of more than $225 million in tobacco settlement funds and give the money to private health care providers. The Board of Supervisors decided to fight after County Counsel Jim McBride told the board he believes the initiative improperly usurps their authority. "It's unconstitutional," he said.
CALIFORNIA | LOCAL
August 19, 1999
In the first glimmer of good news since the Medicare scandal erupted several months ago, the U.S. attorney's office has tentatively agreed to give Ventura County two more years to pay off a $15.3-million settlement officials said Wednesday. Under an arrangement negotiated by Supervisor John Flynn and county Counsel James McBride, the county will be able to pay the federal government over five years instead of three. That would lower its annual payment from $5.
CALIFORNIA | LOCAL
June 11, 1999
A second credit rating firm has given Ventura County the highest mark possible, a score that could potentially save taxpayers millions of dollars. The MIG 1 grade issued by New York-based Moody's Investors Service means the county can continue to borrow money for its short-term investments at low interest rates. Last week, the county's other New York credit rating firm, Standard & Poor's Corp., issued a similar favorable report.
CALIFORNIA | LOCAL
December 8, 1999 | CATHERINE SAILLANT, TIMES STAFF WRITER
Moving quickly to restore order to Ventura County's chaotic financial situation, the Board of Supervisors on Tuesday ordered its interim chief administrator to immediately begin identifying areas where $5 million in cuts will be made, a "bite-the-bullet" approach that received unanimous approval. With Supervisor John K.
CALIFORNIA | LOCAL
July 4, 2001 | CATHERINE SAILLANT, TIMES STAFF WRITER
A majority of Ventura County supervisors back a proposal to give county health programs most of $8 million in tobacco settlement funding when it's distributed this year. The county's public hospital and other health programs are the only sources of care for thousands of uninsured county residents and therefore should be the biggest beneficiary of the settlement windfall, supervisors said.
CALIFORNIA | LOCAL
June 16, 2001 | CATHERINE SAILLANT, TIMES STAFF WRITER
As $23 million in health care funding sits idle, a citizens' committee advising the Ventura County Board of Supervisors can't agree on how to spend it. Although supervisors laid out their preferences, the committee can't decide after three months of meetings whether to go along with the board. Whatever the committee finally recommends, the supervisors will make the final decision. This has prompted some to question whether the committee is clear on its role in making sure the money is doled out.
CALIFORNIA | LOCAL
June 1, 2001 | From Times Staff Reports
A push to tear down Matilija Dam took a step forward Thursday with the announcement of a cost-sharing agreement between Ventura County officials and the Army Corps of Engineers. The pact covers a $4.2-million study that will help determine whether the federal government moves forward with a proposal to remove the obsolete dam just north of Ojai.
CALIFORNIA | LOCAL
March 30, 2001 | MARGARET TALEV, TIMES STAFF WRITER
It could cost Ventura County hospitals $120 million to meet state earthquake safety standards, administrators said Thursday. Their estimates came one day after the state released a report saying that more than one-third of the county's hospital buildings would be at "significant risk of collapse" in a strong quake.
CALIFORNIA | LOCAL
August 22, 2000
The battle to win over Ventura County voters began Monday when radio advertisements sponsored by Community Memorial Hospital began airing on stations throughout the region. The radio spots are meant to persuade voters that Community Memorial and seven private hospitals would make better use of $260 million in tobacco settlement money than the county.
CALIFORNIA | LOCAL
August 18, 2000
A judge set a hearing date of Aug. 25 to rule on whether a fiscal analysis approved by Ventura County for inclusion with a November measure is inaccurate and biased. Superior Court Judge Henry Walsh set the date to allow the county to submit its answer to the challenge and still have enough time to meet a printing deadline for sample ballots.
CALIFORNIA | LOCAL
December 7, 1999 | CATHERINE SAILLANT, TIMES STAFF WRITER
As supervisors scramble to address Ventura County's fiscal crisis, Sheriff Bob Brooks and Dist. Atty. Michael D. Bradbury agreed Monday to turn over millions of dollars a year in new public safety taxes to run a proposed $64-million Juvenile Hall.
CALIFORNIA | LOCAL
December 28, 1999
As supervisors begin debating how to address the county's financial problems next month, one of the first issues they will tackle is whether to dip into $8.3 million in tobacco settlement dollars. Supervisors recently learned that the county may receive the entire tobacco payment by April 15, raising the possibility that the money can be tapped to bail the county out of a projected $5-million deficit.
CALIFORNIA | LOCAL
August 5, 2000 | MATT SURMAN, TIMES STAFF WRITER
Ventura's tax battle with the county is "a preview of business as usual for years to come," according to a new analysis of tax trends in Ventura County released Friday. The city's recent attempt to keep $572,000 in sales taxes from the county shows the growing feeling among local governments that the state has given them no choice but to skirmish over limited and undependable pots of money.
CALIFORNIA | LOCAL
July 12, 2000
If the city of Ventura doesn't rethink plans to withhold a half-million dollars from the county, local cities stand to lose $85 million a year, according to a measure approved by the Board of Supervisors Tuesday. The supervisors' decision could eliminate a 1% sales tax, which would not only cost cities and towns but would also take $6.5 million from the county.
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