Archive | finance

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Montebello’s Financial Future Rests on $3.9M Loan

Posted on 29 August 2011 by admin

At the current rate, Montebello will run out of money in October. Because of Continue reading

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Pico Rivera VFW Post 7734 raises money for veterans

Posted on 27 August 2011 by admin

Vietnam veteran Philip Laniz remembers a time when returning vets were not readily Continue reading

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USA becomes Food Stamp Nation but is it sustainable?

Posted on 24 August 2011 by admin

Genna Saucedo supervises cashiers at a Wal-Mart in Pico Rivera, California, but her wages Continue reading

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Montebello Officials: Mystery Behind ‘Off The Books’ Bank Accounts Solved

Posted on 14 August 2011 by admin

City officials say there was no wrongdoing in the transfer of nearly $1million to a city developer and Continue reading

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FBI Investigating Montebello For Use Of Federal Housing Dollars

Posted on 03 July 2011 by admin

The Federal Bureau of Investigation is investigating Montebello’s past use of federal housing funds according to Continue reading

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Montebello Maps Out Recovery Plan, Votes Next Week

Posted on 18 June 2011 by admin

In order to survive fiscally in both the short and long term, Montebello will have to Continue reading

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Montebello’s New Interim Administrators Tackle Fiscal Crisis

Posted on 30 May 2011 by admin

June will be a make-it-or-break-it month for Montebello, according to Continue reading

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Montebello Uses Financial Maneuver To Help Repay $17 Million Loan From Its Redevelopment Agency

Posted on 15 May 2011 by admin

 

In a stopgap maneuver that gets the city closer to solving its short-term deficit problems, Montebello hit the delete button last week on millions owed to its redevelopment agency.

The city devised a plan to repay most of the $17 million the general fund owes to its redevelopment agency.

The cash-strapped city borrowed roughly… Continue reading

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