Keyword: 'Moody's' | Herald Community Newspapers

Keyword: Moody's

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Long Beach City Council meeting gets heated

A special City Council meeting on Saturday grew heated amid a discussion over the state of the city’s finances, before the council passed a resolution to allocate money recently acquired through a … more

Anthony Rifilato | 12/21/11

The Long Beach City Council approved a borrowing measure last month to make payroll by Dec. 23 and pay outgoing employees amid a cash-flow shortfall.

Moody’s downgrades Long Beach's credit rating

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 … more

Anthony Rifilato | 12/19/11

Long Beach’s reserve fund in a precarious state

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 … more

Anthony Rifilato | 12/7/11

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