Categorized | Arcata, Local, Media

Arcata’s Newest Fiscal Cliff

 

Bad News, Bad Moves, and Bad Money May Spell Insolvency

 

Skippy Massey
Humboldt Sentinel

 

Is it even remotely possible the City of Arcata could go bankrupt by tomorrow?

Kevin Hoover of the Arcata Eye has the stunning story of the
day, and perhaps week, in his feature article, “Arcata Ordered
to Pay Back $2.4 Million by Friday– December 20, 2012
.”

And however the fiscal chips may fall, Arcata’s affordable housing program is kaput– and the State wants their money back, pronto.

Mr. Hoover writes:

Imagine the City of Arcata bankrupt and its top staff, plus the City Council, all in jail.

Those dire consequences could result from a decision made last week by the state’s Department of Finance (DOF).  More immediately, the City has to pay an unexpected bill in the millions of dollars…

arc eye2The Golden State isn’t looking so golden anymore.  For the rest of the story, we suggest you pick up a copy of the Arcata Eye.

If you can’t wait, you can find the details in Mr. Hoover’s article here.

* * * * * *

arc eyeThank you for your fine reporting, Kevin.

 

 

 

 

 

 

 

 

(Posted by Skippy Massey)

5 Responses to “Arcata’s Newest Fiscal Cliff”

  1. "Henchman Of Justice" says:

    Not to mention kickbacks, maybe bribes, between ROP (Dan Hauser is on their board of directors, former Arcata council member and state elected official) and the City of Arcata. Reminds HOJ a bit of the movie “Shawshank Redemption” and how the prison’s “warden” was corruptive in power.

    Ironic that shane Brinton is the mayor on watch over this issue. Somehow, that credit card ticket purchase he made without available funds in order to see Obama and the other young elected officials in Washington DC is ironically bad mojo as karma catches-up with people who greedily spend money they really don’t have. This looks really, really bad. Hope this is what gets Hauser out of the community! – HOJ

  2. Loaded says:

    larry O. does not have proper education to be running the city, ask for his resume, the city council is being told bad information, and the public has been telling the council that, but they dont seem to want to listen, maybe now they will.

    http://www.arcataeye.com/2012/12/kash-boodjeh-oversight-board-creating-alternate-realities-december-20-2012/

  3. Mark Sailors says:

    So, isnt willfully misappropriating funds is a felony…

  4. Marc says:

    Many cities are protesting the rule changes, but not all took the missteps that obligated this city. Affordable housing is a very worthy goal. Loans and grants are passed through to the city or granted, almost wholly based on past and current performance. It is essential for future funding that Arcata develop and maintain the highest confidence of all of the lenders involved.

    This related letter from Kash Boodjeh concerning the deliberate selections of potentially bias members to the oversight entity is far more disturbing than a mistaken interpretation of process. The letter appears to be an allegation of a carefully considered set of actions designed to retain control over an intended independent entity charged with maintaining transparency and public oversight.

    http://www.arcataeye.com/2012/12/kash-boodjeh-oversight-board-creating-alternate-realities-december-20-2012/

  5. skippy says:

    For interested readers, the Times-Standard has a followup article, Oversight Board Voices Support of Arcata’s Sandpiper Park Project at: http://www.times-standard.com/ci_22306942

    and another, Redevelopment Frustration at: http://www.times-standard.com/ci_22309876

Trackbacks/Pingbacks


Leave a Reply

HumSentinel on Twitter

RSS Progressive Review

  • Word: Ukraine
    Richard BrennemanIf the U.S. is really consumed by the need to get all aggressive over massive human rights abuses, then why aren't we threatening Saudi Arabia, where women can't drive and are subjected to arbitrary whims of a religious paramilitary police -- the same zealots who forced a dozen girls to burn to deathsimply because they tried to fle […]
  • Doctors favor pot legalization
    AlterNetThe website WebMD this month revealed results of a survey of 1,544 doctors from more than 12 specialties in at least 48 states.Fifty-six percent said it should be medically legal. An even higher number, 67 percent, said it should be a medical option. A whopping 69 percent agree that marijuana could be effective in treating certain ailments.About 52 p […]
  • Kerry falls for Ukrainian hoax
    GuardianThe barricades that mark the entrance to the "Donetsk People's Republic" are plastered with anti-fascist posters, including an American flag with a swastika in place of the stars. The pro-Russian protestors who have set up their own government in the occupied administration building see the new Kiev regime as dominated by intolerant Uk […]
  • San Diego disses the Constitution 150,000 times against welfare recipients
    Public Interest Law ProjectSince 1997, San Diego County has required all families applying for welfare to submit to warrantless, suspicionless, unannounced home searches and interrogations by District Attorney investigatorso.  As of June 2013 about 150,000 families, or about 9,300 families each year, have been subject to these searches. This policy, called P […]
  • What offshore tax havens are costing you
    US PIRG - the average American taxpayer in 2013 would have to shoulder an extra $1,259 in state and federal taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. “Average taxpayers and small business owners foot the bill for offshore tax dodging. Every dollar in taxes companies avoid by booking p […]
  • Word: An Atlanta mother writes Barack Obama about testing
    Washington Post - The policies currently promoted by your Department of Education are actually hurting – not helping– schools like ours. It is clear we will reduce schools’ efficacy if public education remains fixated on tests that only measure limited concepts – tests that regularly relegate less advantaged children into the “bottom half” and limit their ac […]
  • Government highway trust fund almost broke
    Washington Examiner - On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: The government's Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.Antho […]
  • Jazz break
    John Pizzarelli plays "I Got Rythmn […]
  • The key-door formula
    Futility ClosetAfter observing security measures at a number of organizations, University of California psychologist Robert Sommer reflected that a person’s status seems to be tied to his keyring:S is a person’s status within the organization, D is the number of doors he must open to perform his job, and K is the number of keys he carries. A janitor who can […]
  • Gravestones of note
    And the epitaph of Dr. Fred Roberts in Pine Log Cemetery, Brookland, Ark.:OFFICE UP STAIRS […]
  • Furthermore....
    Passings:  John Judge […]
  • Feds to make $12 billion a year off of student loans
    Popular Resistance - The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office.Beginning in the 2015-16 academic year, students and their families are forecast to pay more to borrow from the department than they did pri […]
  • Young in rich, western world more pessimistic than those in developing countries
    Guardian - An Ipsos Mori survey released  has found that young adults in rich, western countries are less optimistic about the future than their counterparts in developing countries. While people in Europe, Australia, North America and Japan largely felt that the younger generation were unlikely to be better off than their baby boomer predecessors, those pol […]
  • Census revisions will make Obamacare stats more muddy
    The New York Times: Census Survey Revisions Mask Health Law EffectsThe Census Bureau, the authoritative source of health insurance data for more than three decades, is changing its annual survey so thoroughly that it will be difficult to measure the effects of President Obama’s health care law in the next report, due this fall, census officials said. The cha […]
  • Terror Alert
    Onion - Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.Multiple intelligence agencies confirmed that the militant Islamist organization and its num […]