[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Sunny
Sunny
86°F
 
Calendar
Today in
S.C.V. History
July 9
1939 - Death of Harald Sandberg; built Sandberg's Summit Hotel on the Ridge Route [story]
Sandberg's Summit Hotel


Los Angeles County sealLos Angeles County’s long-term credit ratings reached their highest levels in a decade after Moody’s this week upgraded the county from Aa2 to Aa1, potentially saving the county millions of dollars in interest expenses.

In announcing the move, Moody’s cited the county’s “strong and stable financial position,” along with a “strong management team that has positioned the county well to address ongoing challenges.”

The upgrade came after county executives met in New York with the three major credit-rating agencies to detail the significant steps the Board of Supervisors and other county leaders had taken to build financial reserves, stabilize the Department of Health Services and pre-fund long-term liabilities.

In addition to the upgrade in long-term credit ratings, the big three rating agencies— Moody’s, Fitch and S&P — assigned the highest short-term rating to the county’s $800 million Tax and Revenue Anticipation Note issuance.

The county, which has a budget of approximately $30 billion, has long been recognized for its fiscally responsible practices. It weathered the Great Recession of 2008, for example, without substantial service cutbacks or layoffs.

Moody’s, in explaining this week’s upgrade, noted the county’s “healthy cash and reserve levels, and low debt burden.”

At the same time, the county has invested significantly in areas targeted by the Board of Supervisors as priorities, including homelessness, child protection and criminal justice reform.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOS ANGELES COUNTY HEADLINES
Thursday, Jul 9, 2020
Los Angeles County Department of Arts and Culture announced Thursday the opening of the 2020 Arts Internship Program, the 20th anniversary of the nation’s largest paid arts internship program.
Thursday, Jul 9, 2020
Supervisor Kathryn Barger amended a motion Thursday by Supervisors Hilda Solis and Shelia Kuehl seeking a report back on the proposed closure of Men’s Central Jail (MCJ) so that the report will include stakeholder input from law enforcement agencies and municipalities, as well as an assessment of the individuals placed in the facility and where resources currently exist elsewhere in the system to serve this high-need populations.
Wednesday, Jul 8, 2020
The Los Angeles County Department of Public Health confirmed Wednesday 2,496 new cases of COVID-19 and 65 new deaths.
Wednesday, Jul 8, 2020
Supervisor Kathryn Barger amended a motion by Supervisors Hilda Solis and Shelia Kuehl on Tuesday, July 7, seeking a report back on the proposed closure of Men’s Central Jail (MCJ) so that the report will include stakeholder input from law enforcement agencies and municipalities, as well as an assessment of the individuals placed in the facility and where resources currently exist elsewhere in the system to serve this high-need population, which Supervisor Barger deems as "key components" to include in the assessment.
Wednesday, Jul 8, 2020
The Board of Supervisors unanimously approved an urgency ordinance to strengthen protections for consumers and small businesses and to crack down on price gouging during the COVID-19 pandemic and other emergencies, in response to a motion by Supervisor Mark Ridley-Thomas.

Keep Up With Our Facebook
Latest Additions to SCVNews.com
Los Angeles County Department of Arts and Culture announced Thursday the opening of the 2020 Arts Internship Program, the 20th anniversary of the nation’s largest paid arts internship program.
County Opens 2020 Arts Internship Program
IHP Capital Partners and Williams Homes today announced that Williams Ranch, a new master-planned community in the western Santa Clarita Valley they are developing through a joint venture, is progressing with grading operations and site improvements now underway.
Construction of 497 Homes, Williams Ranch Development in Castaic Underway
Valencia native and “Glee” actress Naya Rivera, 33, has been reported missing, after her child was found alone on a boat in Lake Piru on Wednesday afternoon.
Search Resumes in Lake Piru for Valencia Native, ‘Glee’ Actress After Son Found on Boat Alone
A portion of Main Street in Old Town Newhall could soon close around-the-clock for weeks to allow pedestrians only, as some businesses in the area turn to outdoor operations amid ever-changing coronavirus restrictions.
Main Street Could Close to Make Way for Outdoor Dining
Supervisor Kathryn Barger amended a motion Thursday by Supervisors Hilda Solis and Shelia Kuehl seeking a report back on the proposed closure of Men’s Central Jail (MCJ) so that the report will include stakeholder input from law enforcement agencies and municipalities, as well as an assessment of the individuals placed in the facility and where resources currently exist elsewhere in the system to serve this high-need populations.
Barger Calls for Stakeholder Input, Key Components in Proposed Men’s Central Jail Closure
Assemblyman Tom Lackey, R-Palmdale, has been hospitalized since Sunday for COVID-19 complications, according to a statement released by his staff via Twitter on Wednesday.
Lackey Hospitalized With COVID-19
1939 - Death of Harald Sandberg; built Sandberg's Summit Hotel on the Ridge Route [story]
Sandberg's Summit Hotel
The Los Angeles County Department of Public Health confirmed Wednesday 2,496 new cases of COVID-19 and 65 new deaths.
Wednesday COVID-19 Roundup: 123,004 Cases Countywide; 3,470 Cases in SCV
According to the South Coast Air Quality Management District (AQMD) forecast, air quality will be unhealthy for sensitive groups and individuals on Thursday, July 9, in the Santa Clarita Valley.
Thursday SCV Air Quality: Unhealthy for Sensitive People
The State Board of Education (SBE) on Wednesday, July 8, adopted new K–12 guidance for educators to provide high-quality instruction in the arts disciplines of dance, media arts, music, theatre, and visual arts and for educators to provide high-quality world languages instruction and make classrooms more inclusive.
State Board of Education Adopts New Guidance for Arts, World Languages Instruction
Logix Federal Credit Union announced Wednesday, July 8, the conclusion of its "Paying with a Purpose" campaign, having raised $20,000 to benefit four local nonprofits serving its branch communities with food services, including feedSCV.
Logix Federal Credit Union Donates $5,000 to feedSCV
A Bakersfield man and a woman were arrested on suspicion of transporting $10,000 in cash and a kilo of cocaine through the Santa Clarita Valley, according to SCV Sheriff’s Station officials.
Deputies Report Seizure of $10,000, Kilo of Cocaine from Vehicle
Carousel Ranch is asking for donations of auction items for their upcoming event, "Heart of the West At Home", which is set for Saturday, August 29.
Carousel Ranch Seeks Donations of Auction Items for ‘Heart of the West At Home’
Supervisor Kathryn Barger amended a motion by Supervisors Hilda Solis and Shelia Kuehl on Tuesday, July 7, seeking a report back on the proposed closure of Men’s Central Jail (MCJ) so that the report will include stakeholder input from law enforcement agencies and municipalities, as well as an assessment of the individuals placed in the facility and where resources currently exist elsewhere in the system to serve this high-need population, which Supervisor Barger deems as "key components" to include in the assessment.
Barger Requests Inclusion of ‘Key Components’ in Men’s Central Jail Assesment
The SCV Education Foundation, along with the Remo Music Center, invites the SCV education community along with your families to an online live drum and rhythm circle experience from your home.
July 9: SCV Education Foundation, REMO Host Rhythm Circle for Education Community
After a nearly four-month closure due to the pandemic, Valencia’s YMCA reopened Monday with multiple safety measures in place, such as temperature checks before entering and a reorganized fitness center for physical distancing.
Valencia’s YMCA Reopens after Monthslong Closure
A suspect wanted in connection with an assault on a Santa Clarita Valley Sheriff’s Station deputy during an alleged hit-and-run in June was arrested in Ventura on suspicion of theft, SCV Sheriff’s Station officials reported via social media.
Hit-and-Run Suspect Arrested in Ventura
The Board of Supervisors unanimously approved an urgency ordinance to strengthen protections for consumers and small businesses and to crack down on price gouging during the COVID-19 pandemic and other emergencies, in response to a motion by Supervisor Mark Ridley-Thomas.
Supes Approve Ordinance to Crack Down on Price Gouging
The Santa Clarita Valley Education Foundation recently awarded four scholarships to local Hart District seniors whose personal goals, college major, and declared career path indicate future success in a field related to education.
SCV Education Foundation Announces Scholarship Winners
Green Santa Clarita is providing tips to reduce your energy use and keep energy bills down during the hot summer months.
Green Santa Clarita’s Energy Saving Tips to Help You Save Money this Summer
1997 - Santa Clarita City Council adopts initial Newhall Redevelopment Plan [story]
El Trocadero restaurant
As part of its commitment to ensure access to testing during a critical new phase of the epidemic, Los Angeles County has committed $400,000 in one-time bridge funding to support staffing-related costs at COVID-19 testing sites operated by CORE within the city of Los Angeles.
County’s CORE Commitment Ensures Access to COVID-19 Testing
On Tuesday, the Los Angeles County Board of Supervisors proclaimed July as “Parks Make Life Better” month to highlight the impact of parks in supporting communities during the COVID-19 pandemic and beyond.
Castaic Lake, County Parks to Hold Summer Events with COVID-19 Health Guidelines
With film and television production gearing back up in the wake of the spring shutdown, the city of Santa Clarita’s Film Office has released productions now filming in the Santa Clarita Valley for the week of Monday, July 6 - Sunday, July 12:
Harper’s Bazaar Singapore, ‘Enchanted’ Photo Shoots, ‘Eden’ Now Filming in SCV
%d bloggers like this: