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Manoukian's electoral committee racks up debt
Candidate for City Treasurer is funding anti-Measure-A effort himself
La Caņada Valley Sun (Los Angeles, CA)
March 27, 2013
By Brittany Levine ([email protected])
Councilman Rafi Manoukian's committee against a ballot measure that
would make the city treasurer's position an appointed rather than
elected position is in debt to the tune of $10,865.
Manoukian, the sole candidate for treasurer, has spent $12,965 on
mailers, advertisements, signs, phone calls and voter lists, but has
raised just $2,100 - all of it from himself and his parents, according
to the latest campaign disclosure forms filed last week.
Manoukian said a fundraiser he had after the disclosure forms were due
should cover much of the expenditures, which are all on credit cards.
`Once this is over, I'll eat whatever I overspent,' he said.
While Manoukian contends that the push for an appointed treasurer is
motivated by political opposition toward him, the current treasurer,
Ron Borucki, has said that the best person to do the job can't be
found through the electoral process.
Borucki and Councilman Dave Weaver have pushed for the treasurer to be
an appointment, which would be the case if Measure A passes.
Similar ballot measures have failed three times previously.
As part of the full-time job, the treasurer mostly invests Glendale's
$372-million portfolio in bonds. The portfolio has struggled in recent
years due to low interest rates set by the Federal Reserve.
Supporters of the measure say it would take popularity out of the
equation for what they consider to be a highly technical
position. Opponents say the top investor of public money should answer
directly to the voters, not the city manager.
Manoukian has filed forms promising to spend less than $1,000 on his
own campaign. No committee in support of Measure A has submitted
financial disclosures.
Follow Brittany Levine on Google+ and on Twitter: @brittanylevine.
Candidate for City Treasurer is funding anti-Measure-A effort himself
La Caņada Valley Sun (Los Angeles, CA)
March 27, 2013
By Brittany Levine ([email protected])
Councilman Rafi Manoukian's committee against a ballot measure that
would make the city treasurer's position an appointed rather than
elected position is in debt to the tune of $10,865.
Manoukian, the sole candidate for treasurer, has spent $12,965 on
mailers, advertisements, signs, phone calls and voter lists, but has
raised just $2,100 - all of it from himself and his parents, according
to the latest campaign disclosure forms filed last week.
Manoukian said a fundraiser he had after the disclosure forms were due
should cover much of the expenditures, which are all on credit cards.
`Once this is over, I'll eat whatever I overspent,' he said.
While Manoukian contends that the push for an appointed treasurer is
motivated by political opposition toward him, the current treasurer,
Ron Borucki, has said that the best person to do the job can't be
found through the electoral process.
Borucki and Councilman Dave Weaver have pushed for the treasurer to be
an appointment, which would be the case if Measure A passes.
Similar ballot measures have failed three times previously.
As part of the full-time job, the treasurer mostly invests Glendale's
$372-million portfolio in bonds. The portfolio has struggled in recent
years due to low interest rates set by the Federal Reserve.
Supporters of the measure say it would take popularity out of the
equation for what they consider to be a highly technical
position. Opponents say the top investor of public money should answer
directly to the voters, not the city manager.
Manoukian has filed forms promising to spend less than $1,000 on his
own campaign. No committee in support of Measure A has submitted
financial disclosures.
Follow Brittany Levine on Google+ and on Twitter: @brittanylevine.