Orange County Register

Getting calls froma variety of government offices and the word coming out of the county Hall of Administration seems to be, “Worry.”

“The current economic situation gives plenty cause for concern and people should prepare contingency plans,” said Orange County Deputy CEO Rob Richardson, who told me he was concerned that county officials might be interpreted as telling people there’s no problem in my previous post. “In this same regard, the county is preparing its contingency plans.”

“I told you so,” said Nick Berardino, the head of the county’s largest public employee union referring to his previous comment about officials downplaying situations around the bankruptcy.

In fact, Berardino confirmed that he’s one of several officials i’m hearing from that are headed for OC Treasurer/Tax Collector Chriss Street’s office this afternoon to confer about options.

Street spokesman Keith Rodenhuis confirmed that the Treasurer’s office is getting calls from small districts all over the county asking about having the office purchase their short term borrowing notes.

“We’re a popular group over here,” Rodenhuis said confirming the slate of meetings.

“We’re on top of it,” he said noting that the office has enough money on hand to help.

“It’s all unfolding very quickly,” he said.

I should have more on the unfolding financial crisis later today…

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