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Funds

City Council Orders Detailed Report From DOT After $42.6 Million Uncovered In Wrong Account

LOS ANGELES (CBSLA.com) — The Los Angeles Department of Transportation has 30 days to issue a detailed review of how $42.6 million in city money accumulated for 17 years in the wrong account. A report […]

2013/05/14

Calif. Treasurer Eyes Pension Divestment From Gun Manufacturers

State Treasurer Bill Lockyer is calling for a review of state pension fund investments connected to a company that manufactures firearms – including a type of rifle used in the Connecticut school shootings.

2012/12/18

Ex-Beverly Hills School Superintendent Sentenced To 60 Days In Jail

The judge who ordered Jeffrey Hubbard to be taken into custody said he would not be shocked if the former superintendent was quickly released from jail.

2012/02/23

Trutanich: Firm Hired To Invest LA City Pensions Accused Of ‘Institutional Deception’

A lawsuit alleges an investment firm hired to manage the public pension for city workers may have cost taxpayers nearly $100 million.

CBS2 / KCAL9–2012/02/02

Mike Antonovich (credit: John Heller/Getty Images)

Supervisor: Hefty Retiree Payouts Put LA County Budget, Pension Funds At Risk

Supervisor Mike Antonovich is warning that payouts totaling $48 million could dramatically impact the county’s fiscal health.

KNX 1070 NEWSRADIO–2012/01/09

Riverside County Jails At 99-Percent Capacity Amid State Realignment Plan

Riverside County jails are beginning to see the ugly side of California’s prison realignment program.

2012/01/07

‘Occupied’ City Council: Corporations Are Not People, Money Not A Form Of Speech

The council’s 11-0 vote drew a standing ovation from a packed chamber of Occupy L.A. members and other activists.

2011/12/06

Feds Probe LAPD For Overcharging Services At LAX

Federal authorities are looking into whether the Los Angeles Police Department misappropriated millions of dollars it was paid for providing law enforcement services at LAX, it was reported Monday.

CBS2 / KCAL9–2011/12/05

Audit: LA Community Colleges Misspent $140M In Bond Funds

A state audit has found that the Los Angeles Community College District mismanaged more than $140 million in bond funds.

2011/08/10

Council OKs Limits On Taxpayer Funds To Health Care For Police, Fire Retirees

The vote came amid ongoing closed-door talks to pressure police and firefighters to contribute part of their salaries toward retirement health care.

2011/06/14

(Photo: OLIVIER LABAN-MATTEI/AFP/Getty Images)

LA County Democrat: Investigate ‘Super Macho’ Schwarzenegger

The county’s top Democrat wants to take a closer look into just how Arnold Schwarzenegger paid for child support during his time in office.

KNX 1070 NEWSRADIO–2011/05/18

State Panel Slashes Funds For Legislators’ Vehicles

A state panel has slashed the amount of money California taxpayers will spend to keep legislators on the road.

2011/04/14

2nd Secret Stash Of Public Funds Found In Montebello

City officials say they’ve discovered a second off-the-books account that once held nearly $1 million in public funds, but now has only $5,000.

KNX 1070 NEWSRADIO–2011/02/18

Bailout Banks Shun Efforts To Stem Foreclosures

The plan is aimed at helping thousands of borrowers who owe more than their properties are worth, but without cooperation from the banks, the program will likely have limited benefits.

2011/02/10

Irwindale councilman Mark Breceda is among four defendants charged with misappropriating public funds. (credit: irwindale.ca.us)

‘Irwindale Four’ Plead Not Guilty To Corruption Charges

A quartet of city officials are free on their own recognizance pending a hearing later this year to determine if there is enough evidence to order them to stand trial.

2011/01/20

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