Pedro Carrillo News
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Voters in Bell , California , where eight current and former officials face charges related to their outsized pay, go to the polls today to finish what began as a citizens campaign to oust incumbents and turned into a struggle between unions and an out-of-town donor.
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The adviser on bond sales that helped put Bell, California , in financial distress is consulting on how to restructure debt for the city that paid its manager almost $800,000 a year.
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The Los Angeles suburb of Bell , California, where eight current and former officials are charged with misappropriating public funds, may pay $22 million to bondholders, according to the interim chief administrative officer, Pedro Carrillo.
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Bell, California, the Los Angeles suburb that paid its city manager almost $800,000 a year, will have a budget shortfall of $2.16 million even with slashes in pay, according to a county audit.
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The California city whose chief administrator was paid $800,000 a year improperly increased local property taxes to cover pension costs, the state’s controller said.
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Bell, the Los Angeles suburb that paid its city manager almost $800,000 a year, had its credit cut five steps to junk by Standard & Poor’s on concerns about the city’s ability to refinance or pay debt due Nov. 1.
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When Bell, California, resident Roger Ramirez heard in 2008 that the manager of his town of 38,000 residents may be the state’s highest-paid municipal employee, he asked City Hall. He got only part of the answer.
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Bell , California, the Los Angeles suburb that paid its city manager almost $800,000 a year, illegally raised taxes, mismanaged bond funds and entered into improper contracts and land purchases, according to an audit by state Controller John Chiang .
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California Attorney General Jerry Brown said he expects legal action in “weeks, not months” after subpoenaing personal financial records of present and former officials of Bell , the Los Angeles suburb that paid its city manager almost $800,000 a year.
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