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Keyword: treasurer

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  • Norfolk Treasurer Anthony Burfoot found guilty on 6 counts in federal public corruption trial

    12/09/2016 7:47:04 PM PST · by csvset · 9 replies
    The Virginian-Pilot ^ | 9 DEC 2016 | Scott Daugherty and Eric Hartley
    NORFOLK Anthony Burfoot sold his City Council votes to benefit developers for six years and then lied about it when questioned in federal court, a jury found Friday. The city’s treasurer, who previously served as vice mayor, was convicted on six of eight public corruption and perjury charges. He can remain free until he is sentenced April 17 in U.S. District Court, but he must submit to the supervision of a federal probation officer. Burfoot – who plans to appeal and continue working at the treasurer’s office while that’s pending – faces the possibility of 90 years in prison but...
  • Pennsylvania Treasurer Rob McCord (D) abruptly resigns, plea-bargains.

    02/01/2015 3:34:28 PM PST · by george76 · 35 replies
    RedState ^ | January 30th, 2015 | Moe Lane
    You almost have to feel sorry for new Pennsylvania governor Tom Wolf (D). The man’s just moved into Harrisburg, gotten his voice mail straightened out, starting to get a feel for the morning commute, and then WHAMM! – his (Democratic) Attorney General (Kathleen Kane) is on the verge of being indicted for perjury and his (Democratic) Treasurer (Rob McCord) is resigning, not to mention preparing to plead out on extortion charges:
  • Wisconsin treasurer fulfills campaign pledge by laying off staff

    01/28/2015 10:14:32 AM PST · by afraidfortherepublic · 13 replies
    Wisconsin Reporter ^ | 1-28-15 | Adam Tobias
    MADISON, Wis. — Newly elected state Treasurer Matt Adamczyk ran on a campaign pledge of cutting 80 percent from a $545,000 annual budget. A few weeks into his first and supposed only term, he has, through lay-offs, already gotten rid of his two-member staff. Adamczyk also declined to fill an empty deputy treasurer position that was paying close to $107,000 a year in salary and benefits. “I’m a big believer that in government it’s not our job just to give people jobs,” Adamczyk told Wisconsin Reporter. The state has transferred most of the treasurer’s duties to other government agencies over...
  • GAFFE: Markey Unable to Answer Basic Financial Question ( Colorado )

    10/20/2014 8:08:12 AM PDT · by george76 · 14 replies
    ColoradoPeakPolitics ^ | October 20, 2014
    And you thought the Treasurer’s debate would be boring. That was the observation made by Fox 31 political reporter Eli Stokols as he moderated a debate between Treasurer Walker Stapleton and failed Congresswoman Betsy Markey. At about the 7 minute mark in the below video is when things get really heated. Stapleton asks Markey a basic question about public finance: “Could you describe to me what a yield curve is, please?” She is unable to answer. ... Stapleton has a degree in business economics from the London School of Economics and an MBA from Harvard Business School. He is not...
  • Pennsylvania Treasury Creates $1.5 Billion Credit Line to Sustain State Operations

    09/17/2014 3:25:57 AM PDT · by tired&retired · 15 replies
    The McCord Report ^ | September 16, 2014 | Rob McCord
    A Message from Pennsylvania State Treasurer Rob McCord Yesterday, the state’s General Fund balance dipped below zero -- the earliest point in a fiscal year this has happened since at least the year 2000. In response and after consulting with the Department of Auditor General, Treasury made a $1.5 billion line of credit available to the commonwealth to cope with what is clearly an alarming structural fiscal imbalance. Treasury’s line of credit will help the commonwealth avoid high transaction costs typically associated with tax anticipation notes, and it allows the state to draw down on the loan only as needed...
  • 2 Republicans propose eliminating state treasurer, secretary of state

    07/08/2013 1:34:00 AM PDT · by afraidfortherepublic · 12 replies
    Milwaukee Journal Sentinel ^ | 7-7-13 | Michael Phyllis
    Madison — Already relieved of most of the responsibilities required of their offices in other states, the positions of secretary of state and state treasurer would be eliminated under a constitutional amendment proposed by two Assembly Republicans. "In this day and age, they are outdated positions," said Rep. Tyler August (R-Lake Geneva). "We can save the state some money by eliminating them." The positions are much weaker than in other states. Republican State Treasurer Kurt Schuller, for example, had one of his last major responsibilities — authority of the state's unclaimed property program — eliminated under the state budget. Eliminating...
  • Obama signs bill exempting presidential appointees from Senate confirmation

    08/11/2012 6:27:58 PM PDT · by afraidfortherepublic · 80 replies
    Daily Caller ^ | 8-11-12 | Paul Connor
    President Barack Obama signed a bill Friday evening that would exempt some senior-level presidential appointees from Senate confirmation. Sponsored by Democratic Sen. Chuck Schumer and cosponsored by Republicans and Democrats, the bill, now law, weakens the power of the legislature and strengthens the executive branch, critics have warned. The bill skated through the Senate three months after being introduced in 2011 and was passed by the Republican-controlled House 216-116 in July. The law now allows Obama and future presidents to name appointees to senior positions in every branch of the administration, from the Department of the Treasury to the Department...
  • MF Global executive refuses to testify before Congress (Assistant Treasurer Edith O'Brien)

    03/28/2012 3:16:43 PM PDT · by NormsRevenge · 22 replies
    Yahoo ^ | 3/28/12 | Sarah N. Lynch and Aruna Viswanatha - Reuters
    WASHINGTON (Reuters) - A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced. Assistant Treasurer Edith O'Brien, believed to have been involved in authorizing a $175 million transfer that may have included customer funds, three days before MF Global's bankruptcy filing on October 31, declined to testify on Wednesday. "On advice of counsel I respectfully decline to answer based on my constitutional right," she told subcommittee chairman Randy Neugebauer...
  • Supervisor Nadia Lockyer (D), Wife of CA Treasurer (D), Acknowledges Substance Abuse, Affair

    02/15/2012 7:18:27 PM PST · by DogByte6RER · 19 replies · 8+ views ^ | 02/14/2012 | Josh Richman
    Supervisor Nadia Lockyer, wife of California treasurer, acknowledges substance abuse, affair (Alameda County Supervisor Nadia Lockyer at a public event in San Leandro, Calif., April 22, 2011.) Alameda County Supervisor Nadia Lockyer, wife of California Treasurer Bill Lockyer, said Tuesday that she's in rehabilitation for a substance-abuse problem after an extramarital affair culminated in a beating by her ex-lover. The announcement marked a sharp turn in the career of a woman who at 40 had been seen as a rising star in California politics. The scandal is also an ugly footnote on her husband's nearly four-decade-long career, which made him...
  • Fraud case leaves California Democrats scrambling

    10/23/2011 12:26:48 AM PDT · by South40 · 27 replies
    Reuters (Yahoo) ^ | 10/22/2011 | Mary Slosson
    LOS ANGELES (Reuters) - Stunning accusations that a top California Democratic campaign treasurer looted the war chests of her big-name clients have left candidates across the state scrambling to raise more money as election season looms. Kinde Durkee, who controlled the funds of roughly 400 candidates and groups, ranging from Senator Dianne Feinstein to local Democratic youth clubs, was arrested in September and charged with fraud. While the extent of the losses isn't yet clear, the coffers of dozens of Democratic politicians have been frozen, prompting the crippled campaigns to ask the California Fair Political Practices Commission to permit further...
  • Is Treasurer Maria Pappas Wasting Your Tax Dollars? (Cook Co. IL)

    01/13/2011 10:23:29 AM PST · by AT7Saluki · 6 replies · 1+ views
    CBS2 ^ | 1/12/11 | Pam Zekman
    She has a driver who makes $94,000 a year and a cleaning lady making $57,000 a year. Is Cook County Treasurer Maria Pappas wasting tax dollars? In a joint investigation with the Better Government Association, CBS 2 Investigator Pam Zekman has been following these employees and found that their job titles have nothing to do with the work they actually do. ...But the driver is hidden in the budget as a “Project Leader.” The official job summary description includes; consulting with county officials “in the design, development and implementation of varied and highly sophisticated computer software applications to enhance business...
  • Video: California treasurer tells legislature to get a clue (2/3 of legislation is just junk !)

    10/25/2009 7:25:27 AM PDT · by SeekAndFind · 9 replies · 656+ views
    Hotair ^ | 10/25/2009 | Ed Morrissey
    I’m not sure which is most amusing about Bill Lockyer’s rant to the state legislature this week. Is it his assertion that Democrats have to call out other Democrats when they run off the rails? Perhaps his telling them that two-thirds of what they produce is “just junk”? Insisting that more taxes won’t solve their problems, and that they have to start looking for ways to save money instead? Actually, all of that and more is just simple truth. Watch this first and see if you catch my favorite moment in this clip: CLICK ABOVE LINK TO VIEW THE SHORT...
  • State treasurer: Federal education funds on hold (Arizona)

    07/15/2009 10:16:03 PM PDT · by Nachum · 21 replies · 607+ views ^ | 7/15/09 | HOWARD FISCHER, CAPITOL MEDIA SERVICES
    PHOENIX - Arizona is having to borrow money because the U.S. Department of Education is imposing new requirements for the state to get stimulus funds, Treasurer Dean Martin is charging. "What Arizona has received is endless bureaucratic red tape and constantly changing rules to delay access to funds,'' he said Wednesday. The result, said Martin, is Arizona doesn't have use of $433 million it should have had by now.
  • Infant Son of State Treasurer Martin Has Died

    05/28/2009 12:52:59 PM PDT · by HungarianGypsy · 24 replies · 1,802+ views ^ | 28 May, 2009
    Austin Michael Wright died Wednesday night, two days after Dean Martin's wife Kerry died after complications from childbirth.
  • Wife of Arizona State Treasurer dies after giving birth

    05/26/2009 2:18:47 PM PDT · by HungarianGypsy · 56 replies · 3,777+ views | 26 May, 2009 | Dave Biscobing
    The wife of Arizona State Treasurer Dean Martin passed away Monday night shortly after giving birth to the couple's firstborn son.
  • { Bill Lockyer } California treasurer will run the state on Inauguration Day

    01/17/2009 6:31:31 PM PST · by SmithL · 9 replies · 449+ views
    Sacramento Bee ^ | 1/17/9 | Peter Hecht
    It's looks like state Treasurer Bill Lockyer is going to be the next governor of California – at least for a day. With Gov. Arnold Schwarzenegger and other top office holders heading to Washington, D.C., to witness the presidential inauguration of Barack Obama, California's affairs of state will be left to the man who stands sixth in line to the Governor's Office under the state constitution. Lockyer will be riding high because – in order of succession – Lt. Gov. John Garamendi, Senate Pro Tem Darrell Steinberg, Assembly Speaker Karen Bass, Secretary of State Debra Bowen and Attorney General Jerry...
  • Westlund may soon draw an opponent...or not

    12/05/2007 10:41:56 AM PST · by Danae · 5 replies · 103+ views
    The Oregonian ^ | 12-04-2007 | JMapes
    State Sen. Ben Westlund, D-Bend, is coming close to shutting the door on any serious Democrat jumping in to challenge him for the state Treasurer's job. But he may soon have a Republican competitor in the wings. Salem lobbyist Craig Campbell, who has important political ties in both parties, told me he is seriously considering running for state treasurer. "It's really a fascinating job," said Campbell. "It has a tremendous amount of responsibility." But he said he first has to decide what kind of impact a statewide campaign would have on his family - he has two young children -...
  • CA: Treasurer sees deficits extending for 20 years without fixes ("fixes" aka higher fees/taxes)

    10/01/2007 8:02:15 PM PDT · by NormsRevenge · 6 replies · 114+ views
    AP on Bakersfield Californian ^ | 10/1/07 | Steve Lawrence - ap
    California will face persistent budget deficits over the next 20 years unless officials take corrective steps that could include ending state support for the University of California and asking voters to raise property taxes to pay for public works projects, Treasurer Bill Lockyer said Monday. The annual debt affordability report prepared by the treasurer's office projects an average yearly gap between revenue and spending of 3.5 percent, which would translate to a $14.6 billion shortfall in the fiscal year starting July 1, 2027, according to Lockyer. "The sooner we get to fixing this problem, the easier and the smaller is...
  • CA: Former South Gate treasurer sentenced to 10 years in bribery case

    11/28/2006 4:41:07 PM PST · by NormsRevenge · 4 replies · 316+ views
    The former treasurer of the city of South Gate was sentenced Tuesday to 10 years in federal prison for extracting nearly $2 million in bribes from contractors and sharing the money with family and friends. Albert Robles, 41, was taken into custody immediately after his sentencing. He was also ordered by U.S. District Judge Stephen V. Wilson to pay back more than $600,000 to the city in southeast Los Angeles County. Robles was convicted in July 2005 of five counts of bribery, four counts of money laundering and 21 counts of defrauding citizens of South Gate. Prosecutors depicted the city...
  • CA: Lockyer, Parrish vie for treasurer

    09/27/2006 10:35:24 PM PDT · by CounterCounterCulture · 2 replies · 198+ views
    San Jose Mercury News ^ | 27 September 2006 | George Avalos
    Lockyer, Parrish vie for treasurer WINNER TO BE INVESTOR-IN-CHIEF By George Avalos MediaNews The major-party candidates for state treasurer recognize the challenges that come with being California's investor in chief -- a job often regarded as nothing more than a financial and economic soapbox. State Attorney General Bill Lockyer, a Democrat, and state Board of Equalization board member Claude Parrish, a Republican, are among a handful of candidates vying for a post whose occupant can get the ear of Wall Street, which for years has scrutinized California's financial health and mammoth government operations. (SNIP) The two candidates disagree about the...