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SAN MARCOS, Calif. (KGTV) — Palomar Community College President Dr. Joi Lin Blake will resign this summer, after facing criticism over a recent budget report warning of the district's fiscal instability.This week the district's Governing Board approved the agreement for Blake to resign, which will take effect June 30. Blake was placed on leave following the Fiscal Crisis Management Assistance Team (FCMAT) report.Palomar Vice President Jack Kahn will serve at Acting Superintendent and President. Kahn has held that position since December when Blake was placed on leave.RELATED: Palomar College president placed on leave pending investigationBlake's resignation comes as the college district faces a nearly million deficit in the 2019-2020 budget, according to the FCMAT report.The report warns that the district "has a high probability of fiscal insolvency in the near future" if it continues at its current pace. The district's 2018-19 budget had already faced a ,220,001 deficit.The FCMAT report adds that the district "will have consumed all reserves and will be forced to borrow .5 million from an external source to remain solvent" in the next two years. 1180

SAN FRANCISCO (KGTV) -- Social media is puzzled after a strange streak appeared in the sky over the Bay Area and Sacramento. The light was, according to KRON, spotted in the East Bay, San Francisco and in several other locations throughout Northern California. The National Weather Service says the light may be a meteor. Anyone see this or get pictures from NW California? We're thinking this might have been a #meteor sometime between 5:30 & 5:40 PM. #cawx https://t.co/ku6miQeBW8— NWS Eureka (@NWSEureka) December 20, 2018 538

Sears has won some more time to save itself. But not a lot more time.At a bankruptcy court hearing Thursday, Judge Robert Drain approved Sears' plan to auction off about 500 stores. The auction is central to the company's mission to remain in business. Sears intends to use funds from the sale for its operations, and it will pay rent to the stores' buyers so they can stay open.A committee of Sears' creditors had objected to the plan and argued that the company should immediately start the process of going out of business to limit its ongoing losses.Judge Drain said he will hold another hearing a week before Christmas to consider whether to go ahead with Sears' effort to stay in business or start the process to close all its remaining stores. Drain said it wasn't realistic to start a liquidation process immediately."You can't do a GOB [going out of business] plan for a company this big by snapping your fingers," he said. "Let's come back to court [in December] and see what the lay of the land is."Sears' attorneys conceded was a chance the company might not be able to survive."We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock. "We're not blind to that fact."Schrock said the upcoming holiday shopping season is a crucial period for Sears, and the company believes it will at least be able to break even in the fourth quarter.The creditors' attorney expressed doubts that the company will be able to stay in business. But he said they could live with waiting until December for a decision on Sears' future.Sears also disclosed in a filing late Wednesday that it has arranged for an additional 0 million loan to fund operations during the bankruptcy process. That loan is a crucial component of the company's ability to stay in business, according to a filing the company made on the first day of the bankruptcy process, but it has taken a month to lock-up the funding.The loan is from Great American Capital Partners, rather than ESL, the hedge fund controlled by Sears Chairman Eddie Lampert. When Sears first filed for bankruptcy, it said that it anticipated the loan would come from ESL, but creditors have objected to a the series of insider deals between Sears and Lampert. 2303

SEMINOLE COUNTY, Fla — George Zimmerman, the neighborhood watchdog acquitted in the fatal shooting of Trayvon Martin, has been charged with stalking a private investigator.According to investigators from the Seminole County Sheriff's Office, Zimmerman threatened and harassed Dennis Warren, a private investigator, in December 2017.The findings were handed over to prosecutors in March and they have decided to move forward prosecution.Zimmerman was served on May 3.He is scheduled to appear in court on May 30 at 9 a.m. for an arraignment. 553

SAN MARCOS, Calif (KGTV) - A San Marcos family is warning pet owners of the consequences that can come when a dog runs away.They say their 11-year-old dog has gotten away twice in the past six months due to problems with their gate - both times he ended up with the San Diego Humane Society.After the most recent incident an animal officer told the family if it happens again they'd be facing a misdemeanor charge and serious fine.The Humane Society says they try to give owners warnings first but that they must put public safety first.Humane officers can issue a citation and then charges and fines are up to a judge. Fines can be hundreds of dollars.    674

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