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Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
Orange County’s commissioners voted Tuesday to spend more than $550,000 in climate change tax dollars and $12 million set aside from last year’s budget surplus. ... That will avoid an expected ...
The Teeter Plan (first enacted 1949) provides California counties with an optional alternative method for allocating delinquent property tax revenues. Using the accrual method of accounting under the Teeter Plan, counties allocate property tax revenues based on the total amount of property taxes billed, but not yet collected.
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
In a new lawsuit, Orange County alleges executives at a nonprofit took millions of tax dollars to feed the elderly and needy during the pandemic, then pocketed more than $10 million and bought ...
Orange County hotel-tax collections produced another record-breaking month in August, the seventh in a row, pushing the fiscal year’s total over $300 million for the first time ever, Comptroller ...
Long saddled with tax problems following the death of her husband, Altovise Davis was included in 2008 on the California Franchise Tax Board's list of the top 250 delinquent taxpayers, with $2,708,901.75 in unpaid personal income tax. [7]
Comptroller Phil Diamond urged Orange County commissioners in a memo Thursday to “stick to the fiscal playbook” when they consider how to spend uncommitted, future tourist-tax revenues.
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