COUNTY REQUIRES MORE TAX REVENUE.Byline: Lee Condon Daily News Staff Writer Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County officials will make a bid to receive a larger share of property tax revenues on Monday when they present a budget wish list to Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, legislators in Sacramento. Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive David Janssen said county officials have given up on getting back $500 million in property tax revenues diverted di·vert v. di·vert·ed, di·vert·ing, di·verts v.tr. 1. To turn aside from a course or direction: Traffic was diverted around the scene of the accident. 2. to schools in the early 1990s. A new strategy is to ask state legislators to give them a cut of property tax growth instead, which could mean $20 million in additional funding. County officials coped with the $500 million loss by relying on temporary funds, specifically $300 million in excess earnings from the county's retirement fund and $200 million in federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve that were given to help bail the Department of Health Services Department of Health Services may refer to:
But both sources of funding are expected to run dry in three to four years, leaving the county to overcome a structural deficit of $500 million. Janssen and Supervisor Yvonne Brathwaite Burke The name Burke (from Irish Gaelic de Burca, of Norman origin). In English the meaning of the name Burke is "fortified hill." See also Berkley. Places Australia
``Everyone gets along when there is money,'' Burke said. ``Everyone is fighting when there are only pennies.'' Other issues to be discussed: Why some legislators have threatened to block financing for the rebuilding of County-USC Medical Center, arguing there should be 750 beds instead of the 600 approved by supervisors in December. More cuts in the administrative fees the state charges county hospitals. Proposed changes in MediCal rules to allow children under 19 to receive benefits on a temporary basis until their eligibility is made official. A request for the state to match the federal government's funding for welfare-to-work programs. Janssen said county officials will thank legislators for their efforts in the current fiscal year, including $90 million to fund local court operations, a $34 million reduction in administrative fees paid by county hospitals to the state, $50 million in funds for probation probation, method by which the punishment of a convicted offender is conditionally suspended. The offender must remain in the community and under the supervision of a probation officer, who is usually a court-appointed official. camps and $13 million to get the county's welfare reform program started. Janssen said the county is less desperate than it has been in recent years because of the improved economy and additional state funding. ``We always go up and whine and cry, so it's a different situation this year,'' Janssen said. |
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