Accident on 10 Freeway in West Covina Pedestrian Killed W COVINA, CA, (February 07, 2021) - A pedestrian was tragically struck and killed by a vehicle on Sunday, February 7th in West Covina. For almost 30 years, Amelia Baclig was known as “Mama Amy” to the team at Queen of the Valley Hospital in West Covina. No one demanded a projection of what might happen if CalPERS did not achieve 7 percent. SGV CityWatch. 54° Chance of Rain 1%. I myself, having COVID, it was just very traumatic. Because CalPERS was shooting for 7 percent returns, he said, the city would save an estimated $45 million. But he said challenging CalPERS would be a waste of time. Yesterday at 5:43 PM. Daughter Aubrey Joy Baclig said she and her mother wanted her to go to Queen of the Valley, but the hospital was over capacity, like so many medical centers during the relentless winter surge. His white BMW has been found at the McGuireville Rest Area near Rimrock, Ariz. On … March 20, 2019 . Yesterday at 5:41 PM . Two men have been arrested in connection with the disappearance and death of a West Covina man, authorities said. The city issued its initial proclamation on March 16, 2020, and has been continuing it every month since then. To Itself. Streams helped Baclig get tested and guided her through the process of reserving a hotel room if she needed to quarantine. In California, West Covina agreed to pay rent on its own streets. By paying off most of its “loan” from CalPERS, West Covina doesn’t have to worry about the 7 percent interest, at least for now. If you see comments that you find offensive, please use the “Flag as Inappropriate” feature by hovering over the right side of the post, and pulling down on the arrow that appears. “Every night I was able to share something about my mom’s life, something different every time,” Aubrey said. The unidentified victim was hit at about 7:25 p.m. at the Vincent Avenue South on-ramp on the westbound San Bernardino (10) Freeway. bondholders got about 14 cents on the dollar. “My mom has been a nurse there for almost 30 years,” Aubrey said. Mr. Wu, now a city councilman, said the city had to borrow, because it was locked into unsustainable pension plans and CalPERS refused to negotiate easier terms. Taxpayers can still owe the pension fund money if the investments don’t get the return they expect. Your localized Arthritis weather forecast, from AccuWeather, provides you with the tailored weather forecast that you need to plan your day's activities Full Story. 8 talking about this. West Covina is a suburban city in Los Angeles County, California, located 19 miles (31 km) east of Downtown Los Angeles in the eastern San Gabriel Valley and is part of Greater Los Angeles.The population for the city was 106,098 at the 2010 census. She spoke three languages, kept them team laughing even during the toughest of times and hosted memorable parties at her home. They’re going to sue us to hell. Breaking News Watch: Santa Clara County officials on coronavirus vaccine distribution, Jan. 15 Things To Do Entertainment ‘Crazy-Ex Girlfriend’ calls West Covina home. RELATED: Man Beaten To Death On West Hollywood Street, Suspects At Large They come in and they take care of others unselfishly.”, Coworker Marisol Streams also tested positive with COVID-19, back in December. Full Story. The last night was pretty big.”. “There was no way I was going to miss the memorial,” said Martinez, who said she was battling fever and chills after getting her second dose of the COVID-19 vaccine just before the memorial. West Covina adds 10 police officers, 8 staff members The police department reported 99 officers working in the department in 2018 and 2019. Erin Jill Maloney, 37, and Richard Rapp, 34, both of West Covina, were arrested on suspicion of felony child endangerment and possession of a controlled substance. These also require voter approval in some states, but typically come with fewer guarantees to their buyers. WEATHER ALERT High Wind Warning. These bonds attract investors — who are desperate for yield in a world of near-zero interest rates — by offering a rate of return that’s slightly higher than similar financial assets. When the dust settled, the bondholders got about 14 cents on the dollar. The caravan memorial was on Saturday, Feb. 13. 61°--Evening. But it’s different when a municipality borrows to cover a pension shortfall. Yesterday at 1:03 PM. The total public pension shortfall nationwide is about $4.7 trillion, according to Pension Tracker, a project of the Public Policy Program at Stanford University. Facing a $1.2 million monthly bill from California’s retirement system, West Covina issued bonds through an entity that held the city’s streets as an asset. And although most municipal debt is considered bulletproof because a government pledges to make its creditors whole in the event of a default, bonds like the ones West Covina issued don’t have that guarantee. Flagstaff rented its City Hall, libraries and fire stations last year to back a pension deal marketed as “certificates of participation.” In January, Tucson did the same, leasing two police helicopters, a zoo conservation center, five golf courses and the bleachers at its rodeo grounds, among other things. David Carmany, the city manager of West Covina, … “It boggles my mind that anyone would buy these bonds,” said Jessica Shewmaker, who was a member of West Covina’s City Council when an investment banker pitched the idea last year as a way to cover a $1.2 million monthly bill from the California Public Employees’ Retirement System, or CalPERS. It works like this: The city creates a dummy corporation to hold assets and then rents them. Usually, this is done with a pension obligation bond. We see the worst of the worst. Retail services are available at the following locations: South Hill Plaza Station Post Office, 1418 S. Azusa Ave. Suite D1, West Covina… On Jan. 22, Baclig became the first nurse from Queen of the Valley to die from COVID-19 complications. BREAKING NEWS Clinica Sierra Vista pauses COVID vaccinations in Fresno. When West Covina considered its deal, the city’s investment banker, Brian Whitworth of Hilltop Securities, estimated that the city would pay 4 percent to borrow. She was very firm. West Covina Man Accused Of Sexually Assaulting 10-Year-Old Foster Daughter West Covina Unified Donates 21K Masks To Local Hospital Last week, LAUSD donated 100,000 N95 masks to 10 local hospitals. It’s a major comeback for this type of debt, said Matt Fabian, a partner at Municipal Market Analytics who has been writing about the deals for years. 50° Chance of Rain 2%. Her peers recalled Baclig as a dedicated, compassionate healthcare worker and a motherlike figure who offered guidance to new nurses, encouraged them to continue their education — and always made sure everyone had something to eat. Zoom prayer meetings were held for nine days, too, with as many as 100 people attending each night. Among her favorite moments: When Baclig recreated scenes from her favorite movies, including “Coming to America.”. … “It sounds very logical, but it’s not going to happen, because the ones who have power don’t want to lose it,” he said. “It just breaks my heart. The website of the 20,000-member Government Finance Officers Association, whose stated mission is to “advance excellence in public finance,” fairly screams: “State and local governments should not issue P.O.B.s.”. West Covina’s investment banker estimated that the pension bonds would save the city $45 million. Find the perfect West Covina, California stock photos and editorial news pictures from Getty Images. Select from premium West Covina, California of the highest quality. It didn’t work out that way.”. “They’re going to fight us big time. “She just gave her all.”. We were always there to try to support each other. But as with any strategy based on long-term assumptions, there is risk. The corporation then issues bonds and sends the proceeds back to the city, which sends the cash to its pension fund to cover its shortfall. SGV CityWatch. Their attorneys will go laughing to the bank.”. And a Chicago suburb, Berwyn, used “conveyed tax securitization bonds” to help fund police pensions. “I can imagine how scared she was,” Martinez said. My mom’s sisters were singing with their choir. She was 63 and the first nurse at the hospital to die as a result of COVID-19 complications. Amelia Baclig is survived by her husband, Nestor Baclig, three children, James Anthony Baclig, Aubrey Joy Baclig and Joanne Mae Baclig, two grandchildren, Trixia Baclig and Styke James Baclig, four sisters and two brothers. These are the backbone of municipal finance, and come with robust guarantees — courts can force borrowers to pay, even if it means raising taxes. The street rent that West Covina, a onetime outpost of citrus growers some 20 miles east of Los Angeles now engulfed in sprawl, pays the dummy corporation is essentially the money to service the debt. “We all loved her,” she said. This story has been updated from its original version. “They do save lives. Biden inauguration news High winds cause havoc OC man hiding in Chicago airport Disneyland cancels annual passes Latest vaccine news Sports High School Sports. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), ‘Mama Amy,’ beloved nurse at West Covina hospital, dies of COVID-19 complications, Rush Limbaugh, conservative media icon, dies at 70, Larry Flynt, Hustler publisher who fought for First Amendment rights, dies at 78, ‘Chicago Seven’ activist Rennie Davis dies at 80, Dianne Durham, first Black US women’s gymnastics champion, dies at 52, Christopher Plummer, actor famed for role in ‘Sound of Music,’ dies at 91, L.A. County sheriff searches offices of LA Metro, oversight board member in criminal probe, Duarte-based City of Hope gets $100 million donation for diabetes research, LAUSD teachers’ union contemplating a refusal to return to in-person work, LA County’s vaccine mission keeps getting more complex. Antoinette McDaniel, labor representative for the California Nurses Association, said the pandemic has taken its toll on healthcare workers. SGV CityWatch. (Photo courtesy of Aubrey Joy Baclig), Friends, family, members of the West Covina Police Department and hospital staff attend a memorial for Amelia Baclig, a nurse at Queen of the Valley Hospital who died from complications from COVID-19 on Jan. 22. “I’m not expecting that’s she going to pass away. About a week after she was diagnosed with COVID-19, Baclig was taken by paramedics to St. Jude Medical Center in Fullerton. A few years later, in bankruptcy, Detroit tried to repudiate the $1.4 billion pension borrowing, calling it a sham transaction that used the dummy corporations to get around a legal debt limit. West Covina Police Department. Your localized Biking weather forecast, from AccuWeather, provides you with the tailored weather forecast that you need to plan your day's activities She recalled how hard Baclig worked to keep her team’s spirits up. 57°--Afternoon. “We knew, my mom knew, too, that was where she would feel comfortable. The Baldwin Park Police led a police chase this morning that ended in the city of West Covina, according to reports heard on the police scanner. They sacrifice. They are risky financial arrangements born of desperation, adopted to fulfill ballooning pension payments that the cities can no longer afford. West Covina Post Office temporarily closed due to structural damage. Many states have been trying to beef up their pension systems, which often means telling local governments to send in a lot more money. “It boggles my mind that anyone would buy these bonds,” said Jessica Shewmaker, a former West Covina councilwoman. Nearly 150 called in for the final session. States with significant new pension borrowings last year included Arizona, Florida, Illinois, Michigan and Texas. WEST COVINA, CA — Effective immediately, the West Covina Post Office has been temporarily closed due to damage caused by water leakage. “I got sick with COVID first,” she said. Military Humvee Stolen from Bell Facility: https://bit.ly/38Q9oAY. Be prepared with the most accurate 10-day forecast for West Covina, CA, United States of America with highs, lows, chance of precipitation from The Weather Channel and Weather.com It’s so hard to get over it. She really loved her patients. “Especially during the time of the surge,” she said. When a municipality borrows money for a public project, like a new road or bridge, it typically issues a general obligation bond, often after getting voter approval. News News Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources. In California, cities borrowed more than $3.7 billion to squirrel away at various public pension funds, breaking the old state record of $3.5 billion, set in 1994. We invite you to use our commenting platform to engage in insightful conversations about issues in our community. WEST COVINA, Calif., Feb. 10, 2021 /PRNewswire-PRWeb/ -- Emanate Health Queen of the Valley Hospital in West Covina today can begin receiving emergency ambulance runs for … She was there always to reassure us.”, “It’s so painful for me to lose her,” Baltazar said. west covina news stories - get the latest updates from ABC30. “She loved her job. Like many city pension plans that CalPERS manages, West Covina’s is only partly funded. Recent Post by Page. The city’s retirees took haircuts, too. She was amazing,” Streams said. “We cried and we laughed and remembered what a beautiful person and supporting person she was and how much we are going to miss her.”. “When she would imitate a scene, being her age, being who she is, and her imitating Eddie Murphy. That hasn’t deterred governments. When West Covina considered its deal, the city’s investment banker, Brian Whitworth of Hilltop Securities, estimated that the city would pay 4 … Starved of cash by the pandemic, cities are essentially using their own property as collateral of sorts to raise money to pay for their workers’ pensions. Few towns have cash just sitting around these days, but they can borrow it long term from investors, with maturities so far in the future that it feels like free cash. That’s an extraordinary rate in today’s environment, but CalPERS uses it because that’s the return that the pension system projects it will, on average, earn on its investments. CalPERS treats the shortfall of roughly $200 million as a loan it has made to West Covina, charging 7 percent interest. The proposal passed, 4 to 1, with Ms. Shewmaker voting against it because she considered the plan a gimmick to avoid putting the matter before voters, who she believed weren’t likely to approve a deal that would increase West Covina’s debt sixfold. Or, contact our editors by emailing moderator@scng.com. Overnight. Man, Woman Found Dead In West Covina House Fire The fire was reported at about 1:30 a.m. in the 700 block of North Broadmoore. That’s funny, that cracks me up. Nationwide, cities and states issued $6.1 billion in pension obligation bonds in 2020, more than in any year since 2008, according to data compiled by Municipal Market Analytics, a research firm. The longtime owner of a mortgage-lending business, he said it was “crazy” for CalPERS to base everything on 7 percent when real interest rates were much lower. She was infected at least six weeks earlier, before she had a chance to be vaccinated. Like West Covina, Detroit had used dummy corporations to borrow money after it had been ordered to fund its pension. “She was just very dedicated, she never complained,” Martinez said. Sorry, your blog cannot share posts by email. The City of Tucson, Ariz., decided last year to pay rent on five golf courses and a zoo — to itself. And she misses her teammate. Around the country, towns and cities are increasingly embracing more aggressive investment strategies as they struggle to cover funding gaps in their pension programs. She really loved her work family. West Covina expands PD $900,000 claim against San Dimas City of Industry ‘man cave’ lawsuit End of library fines News Crime and Public Safety News News … A van driven by a family member played the song “Always and Forever,” the song Baclig sang during karaoke at parties, said her daughter. In turn, the pension fund invests the money raised by those bonds in other assets that are expected to generate a higher return over time. … West Covina, CA Forecast. Another 50 people participated in a Zoom vigil that day. BREAKING NEWS: Brush Fire Reported Above Altadena, Forward Progress Stopped at Two Acres: https://bit.ly/38RxUBI. Instead, Mayor Tony Wu grilled Mr. Whitworth on why he thought West Covina would have to pay 4 percent when El Monte, next door, was paying just 3.8 percent. Post was not sent - check your email addresses! “These are streets that haven’t been paved in 20 years.”. Although we do not pre-screen comments, we reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable to us, and to disclose any information necessary to satisfy the law, regulation, or government request. Breaking California Pandemic Update ... into custody at 5:30 a.m. Friday while she was at work at the Marriott hotel in West Covina, according to family and friends. By issuing that debt, the city was able to make a lump-sum payment of about $200 million to CalPERS. West Covina is bordered by Covina and Ramona to the northeast, Baldwin Park and Irwindale to the northwest, La Puente and Valinda … (She said) ‘If I need to go to the hospital, I need to go to Queen of the Valley.’”. The hospital, California Nurses Association and her family organized a three-hour car caravan memorial, featuring about 20 cars, with friends and family leaving flowers and condolences. Weeks later, Streams still battles shortness of breath, low energy and body aches. Sonia Meza, a … California news. To Plug a Pension Gap, This City Rented Its Streets. “On the final night, we had a few people singing. And in Flagstaff, Ariz., a new lease agreement covers libraries, fire stations and even City Hall. “About four days later, (Baclig) called me at my hotel, telling me ‘I’m sick, too.’ She asked me the process of what does she do, how to get tested.”. If they can pull off the strategy, cities issuing these bonds can reduce their pension bills by an amount that’s the difference between what they earn and what they pay out. It gets murkier when municipalities use West Covina’s approach. Today ; Hourly; Daily; Morning. (Photo courtesy of Antoinette McDaniel), Friends, family and leaders in West Covina, including Mayor Letty Lopez-Viado, center, attend a car caravan memorial for Amelia Baclig, a nurse who died from complications from COVID-19, at Queen of the Valley Hospital in West Covina on Saturday. I can just imagine. “I start crying and she also cried. Because the bond is issued by the dummy corporation, it’s often called something else — a “lease revenue bond,” in West Covina’s case — and doesn’t necessarily need voter approval. West Covina’s bonds, for instance, don’t need to be repaid for 24 years. Stay on top of local news stories, weather/crime alerts and videos around West Covina, California and join the community! West Covina Mayor Letty Lopez-Viado and members of the city’s Police and Fire departments also participated. The consequences of this approach became clear after Detroit declared bankruptcy in 2013 and couldn’t pay its creditors in full. Shane Michael Rollman, 31, was last seen in West Covina on Sept. 12. The risk: If CalPERS misses its investment target, West Covina’s plan will be underfunded again, CalPERS will treat the shortfall as a new loan and the whole process will start over. west covina News Act of kindness: Mail carrier gets rain help from West Covina family Gregory Martinez spotted his mailman delivering mail in the rain in West Covina and felt he needed to … “It was putting nurses at even a higher risk because of the amount of patients that they had to care for.”, “Heroes do work there,” said Lopez-Viado. We were always happy together.”. A man was killed and two other people were wounded in a shooting in a West Covina neighborhood Monday night, police said. Cities and states issued at least $6.1 billion in pension bonds last year. (I said) ‘You’re so short of breath, I have to stop the conversation because I want you to rest so you can get better and strong and come back to work.’ We talked five minutes only.”. “We still love her.”. A pedestrian was fatally struck by a vehicle near a ramp to the westbound San Bernardino (10) Freeway in West Covina, which was reopened Monday morning. Mr. Fabian said his firm’s tally almost certainly missed the borrowing by municipalities that took West Covina’s approach, because those bonds used different names. Amelia Baclig, a nurse at Queen of the Valley Hospital in West Covina, died from complications from COVID-19 on Jan. 22. “She just cared,” said Daisy Martinez, a friend and fellow nurse. The West Covina City Council voted unanimously at its meeting on Tuesday night, Feb. 16, to extend its local proclamation of emergency to continue to receive state and federal aid during the pandemic. We might permanently block any user who abuses these conditions. “On a bond around $200 million, it’s a pretty good savings,” he said. (Photo courtesty of West Covina), “Before she died, I Facetimed with her,” said coworker Juliet Baltazar, who knew Baclig for more than 30 years. Baclig, 63, kept fellow nurses well-fed and well cared for and served as a beloved mentor to younger members of the team. WEST COVINA, Calif. -- A homeless woman is accused of abandoning her newborn baby in a bathroom at a West Covina Subway on Monday. When she got admitted at St. Jude, it would have been wonderful for her to be admitted at our hospital so that we could have been there with her. Novel ways to do so include renting property they already own under dummy corporations. For months, West Covina Councilmember Tony Wu has been vocal about wanting to work with county health officials to make decisions that benefit the community on a local level. “They’re borrowing money and basically putting it into the market and gambling,” he said. The paramedic crew didn’t have a choice; their computer directed them to St. Jude, where Baclig spent five weeks, three of them in the intensive care unit, her daughter said. A pedestrian was fatally struck by at least one vehicle on the westbound San Bernardino (10) Freeway in West Covina.
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