Bowing to political pressure, Orange County Treasurer Shari Freidenrich changed her vote at Monday’s meeting of the OC Retirement System on amortization periods for current and future unfunded liabilities.
On Friday afternoon the Orange County Board of Supervisors met in closed session to discuss the fate of County CEO Tom Mauk. No decision was reached and while he continues to hold the reins of power, Mauk is more of a Zombie CEO than an effective force in the Hall of Administration.
The County of Orange County Mission Statement, approved by the Board of Supervisors reads: “Making Orange County a safe, healthy, and fulfilling place to live, work, and play… On February 28th the Board, led by Chairman John Moorlach, failed miserably in reaching towards their stated goal.
I don’t know what part of the story is more disturbing, the fact that the Orange County Board of Supervisors gave managers a 2.5% raise, or that they did it behind closed doors so that no one could see what they were doing.
Supervisor John Moorlach, Orange County’s very own Chicken Little, can no longer make the claim that he predicted the largest municipal bankruptcy in U.S. history. Jefferson County, Alabama has knocked us down a notch by filing a $4.1 billion bankruptcy petition yesterday.
Last weekend Orange County Supervisor John Moorlach claimed in a OC Register editorial (here) that the County is again on the verge of bankruptcy. Not this time according to County Auditor-Controller David Sundstrom.