The Crime Beat
Fullerton Liability Insurance Cash Drawer Empty
Posted by Joe Sipowicz in Chronic Failure, Fullerton City Council, Something Wicked This Way Comes, The Crime Beat, The Culture of Corruption, Transparency, Union Goons, Watch Your Wallet on February 3, 2013

The Culture of Complaisance is about to get a lot more expensive.
If you notice item 12 on the Fullerton City Council agenda for Tuesday, good for you. It means you have pondered other idiocies – from the moronic CSUF “College Town” boondoggle through the closed session legal embarrassments involving Chief Danny Hughes and his goons in blue.
Which is a nice segue back to item 12. According to staff the City’s insurance well is dry due to a couple of big payouts in 2012. That’s bad news because now the City will have to issue a big chunk of debt so that the FPD payouts can proceed apace and Garo Mardirossian can get that 2014 Ferrari.
Of course the cash, raised by the sale of bonds will cost the General Fund a nifty $500,000 a year for the next couple of decades. City Manager Joe Felz will be enjoying his massive pension by then, so who the Hell cares, right?
Ironically, the cases of Veth Mam, Trevor Clarke, Edward Quinonez and Ron Thomas will drain the coffers yet again, requiring even more debt for fiscal year 14-15. The staff report says we need to protect Fullerton’s credit rating by issuing new debt. That’s a creative argument. I think we could protect Fullerton’s credit rating by eliminating the Culture of Corruption.
Supply Your Own Title
Posted by Jan Florys Dog in Chronic Failure, Law 'N Disorder, Patdown Pat McPension, Repuglicanism, Something Wicked This Way Comes, The Cost of Defeat, The Crime Beat, The Culture of Corruption on January 27, 2013









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