Aug. 7, 2015
Issue #74

Editor's Note

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Ontario to Regain Control of its Airport

Agreement Ends Years of Dispute between Los Angeles and Ontario

It could take upwards of a year to complete the process, but the announcement on Thursday that Los Angeles has agreed to relinquish control of the Ontario International Airport made headlines throughout California. Ontario Mayor Pro Tem Alan D. Wapner, who also serves as the President of the Ontario International Airport Authority, and Los Angeles Mayor Eric Garcetti made the announcement together during a news conference at the Ontario Airport. The Ontario International Airport Authority will take control once the Federal Aviation Administration, the two cities' respective city councils, and cities' airport agencies formally approve the transfer.

Economic Development, Revenue and Taxation, Transportation

State Makes Final Payment on 2004 Economic Recovery Bonds

State Treasurer John Chiang announced on Wednesday, Aug. 5 that he had directed Department of Finance Director Michael Cohen to make the final payment on California’s 2004 Economic Recovery Bonds. Authorized through Proposition 57, the final payment of $929.7 million is another step in paying down the state’s wall of debt.

Revenue and Taxation, Transportation, State Budget
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