Pismo OKs tax
Pismo Beach’s City Council approved a 1 percent tax on overnight stays that will fund tourism, the San Luis Obispo Tribune reported. The council voted 4-1 in favor of the tax, which will go toward promoting the city to tourists, the newspaper said. Other cities in San Luis Obispo County – Morro Bay, Paso Robles Read More →
Read More →California budget may just be a short-term fix, after all
California has a budget, but how long will it last? And what will be done about the pension time bomb? Don Facciano of the Ventura County Taxpayers Association believes the legislature will be back considering more cuts in a few months. Others think it may be a mid-year correction. Meanwhile there is the question of Read More →
Read More →Oil initiative survives
A Santa Barbara County judge has invalidated a part of Venoco’s ballot initiative to approve slant drilling a site in Carpinteria into a lease offshore. Earlier this year, Venoco filed papers for a Carpinteria ballot initiative for its Paredon project, which would use an onshore rig to tap an estimated 20 million barrels of offshore Read More →
Read More →Pork flows to Tri-Counties
The U.S. House of Representatives approved $700,000 for the Rice Avenue Interchange transportation project in Ventura County as part of the next fiscal year’s transportation, and housing and urban development appropriations bill passed July 23. The funding request was made by the city of Oxnard, the Ventura County Transportation Commission and the Oxnard Harbor District. Read More →
Read More →In memory of Lompoc Mayor Dick DeWees
The news that Lompoc Mayor Dick DeWees had died came to me completely out of the blue. I literally picked the news out of the fax machine when Tom Pfeifer of U.S. Rep Elton Gallegly’s office sent out a message of condolence. I had no idea Dick was ill or had a medical condition that Read More →
Read More →BREAKING NEWS: Pacific Capital unveils three-year strategy following $362M loss
Santa Barbara-based Pacific Capital Bancorp released its second-quarter earnings on July 30, revealing a staggering net loss of $362.6 million and unveiling a three-year plan to improve the company’s capital position. The net loss, $7.77 per common share, compares to $5.9 million, or 13 cents per share, in the same period a year ago. The Read More →
Read More →Hertel debt at $100M, Fowler says
The business empire controlled by developers Ron Hertel and Bob Fowler racked up $100 million in debts, acquiring five aircraft, a boat, a horse ranch and vineyards before it collapsed last year amid a mountain of real estate-related liabilities. At a hearing in the Santa Barbara office of the U.S. Trustee on July 24, Fowler Read More →
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