On November 5th, the California Policy Center (CPC) compiled a list of “California’s Most Financially Stressed Cities and Counties” labeling them the “unlucky 13”. The City of Compton was ranked #1. The sites disclaimer states the figures were through fiscal year ending 6/30/2013. If they couldn’t find thruogh 2013, then 2012 numbers were used. They went on further to state, their rankings could change. Here is Compton’s response.[adsenseyu2]
This also forced the city to create a page on the city’s website called 2014 Fiscal Condition of the City of Compton. It would be even more helpful if the City Treasurer published a regular record of Compton’s investment portfolio so we can all see how they are going to repay back this $40million they owe.
Cash on Hand (Liquidity)
- Treasurer Weekly report November 2012
- Treasurer Weekly report April 2013
- Treasurer Weekly report May 2013
- Treasurer Weekly report November 2014
Tax Revenue Anticipation notes (TRANS)