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Oxnard Council approves wastewater rate increase; Starr initiates recall of 4 council members

Oxnard Council approves wastewater rate increase; Starr initiates recall of 4 council members

By George Miller   After many months of fighting over wastewater  rates, capital budgets, infrastructure fees, debt, the rate-setting process itself and more, the Oxnard City Council approved  a sharply downscaled rate proposal, over strong objections of some residents/business owners and approval of others.   Assistant City Manager Ruth Osuna, who shepherded the the Prop 218 rate-setting […]

Rating Agency Increases California’s Bond Rating To “High Grade”

Rating Agency Increases California’s Bond Rating To “High Grade”

The Upgrade By Fitch Is Sign of Confidence In State’s Fiscal Management California’s credit rating is heading up. Fitch Ratings Inc., one of three leading rating agencies, today announced that the Golden State’s general obligation debt now enjoys an AA- classification. The upgrade places our bonds in the coveted “high grade” category. The move by […]

Port of Hueneme Receives Award for Sixth Consecutive Year, S&P Upgrades Port’s Bond Rating to BBB+

Port of Hueneme Receives Award for Sixth Consecutive Year, S&P Upgrades Port’s Bond Rating to BBB+

Local Oxnard accountant-activist makes utility rate/policy recommendations

Local Oxnard accountant-activist makes utility rate/policy recommendations

By Lawrence P. Stein Editor’s note: The new Oxnard Utilities Rates Advisory Panel, (URAP) has created quite a bit of healthy discussion. Even though he previously predicted a trebling of utility rates, he believes that consumers are being outrageously overcharged for water to support what he feels is an overly expensive,inefficient GREAT water recycling program and […]

Local Oxnard accountant-activist predicts trebling of water rates

Local Oxnard accountant-activist predicts trebling of water rates

By Lawrence P. Stein Editor’s note: Mr. Stein took the best information he could find and calculated the impact on water projects debt service and rates. The exact timing and amount cannot be known for sure, because it is all based on rough plans, cost estimates, interest rates, transaction timing and even the city’s bond […]