The Long Beach City Council voted unanimously on Tuesday to formally declare a fiscal crisis, after an independent auditor presented a bleak picture of the city’s finances and a number of residents …
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By Anthony Rifilato
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2/8/12
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For Long Beach resident Crystal Lake, it was about addressing concerns in the North Park community, from flooding and environmental issues to the completion of renovations slated for the Sherman …
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By Anthony Rifilato
arifilato@liherald.com
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1/25/12
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The Long Beach City Council decided to postpone declaring a fiscal crisis at its meeting on Tuesday, as the city contends with a looming budget deficit, $48.3 million in general-obligation debt …
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By Anthony Rifilato
arifilato@liherald.com
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1/18/12
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After months of speculation and rumors over who would be the next top cop in Long Beach following former Police Commissioner Tom Sofield Sr.’s retirement, Lt. Michael Tangney, a 34-year member of …
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Anthony Rifilato
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1/6/12
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“It’s a new year and a new day,” Fran Adelson said during her induction speech, shortly before she was unanimously voted City Council president on Sunday. “I am very grateful … I …
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By Anthony Rifilato
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1/2/12
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Moody’s Investor Services, which gave the city a solid bond rating last year, downgraded the city’s financial status in a scathing report released on Tuesday, following a recent cash-flow …
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Anthony Rifilato
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12/19/11
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Following a cash-flow shortfall that prompted the city to borrow $4.5 million to pay its workers, outgoing police officials and retirees, several city departments have exceeded their overtime …
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By Anthony Rifilato
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12/13/11
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In May, City Manager Charles Theofan said that the $83.9 million 2011-12 budget would utilize roughly $1 million of the city’s reserve fund to avert a tax levy increase, reducing the fund’s …
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Anthony Rifilato
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12/7/11
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The City Council passed two resolutions during a contentious emergency meeting on Wednesday night that will allow the city to borrow $4.5 million in the face of a cash-flow problem that would have …
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Anthony Rifilato
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11/30/11
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City officials will attempt to borrow $4.5 million during an emergency City Council meeting at 5 p.m. on Wednesday amid a cash flow shortage that could prevent the city from meeting its Dec. 23 …
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By Anthony Rifilato
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11/29/11
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