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Santa Paula: Street Repairs, Relocation of City Departments and DEBT

Santa Paula: Street Repairs, Relocation of City Departments and DEBT

By Sheryl Hamlin The Community Workshop on March 18, 2019 at the Community Center brought out about seventy five people. The program was broken into three segments: Street Repairs, Relocation of City Departments and Audience Questions. Pavement Management and Street Repair The subtle difference between this 2019 street repair proposal and the previous street repair […]

The Fed’s Dramatic About-Face

The Fed’s Dramatic About-Face

    By Ellen Brown, http://EllenBrown.com “Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The Fed “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was the […]

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

By George Miller Consultants darkly warned the City of exploding pension liabilities and necessary funding, doubling in 5 years and mushrooming for the next two decades. Some off-agenda discussion on disposition of Redevelopment Successor Agency properties, which are taking a long time. Downtown “parklets” plan approved. $38MM debt refinancing and $10MM Line of credit approved. […]

Oxnard Treasurer to be included in approval of debt issues?

Oxnard Treasurer to be included in approval of debt issues?

By Phil Molina, Oxnard Treasurer  . We the People, The City Treasurer, has been added with the City Manager, ​CFO and City Attorney  as one of the city officers who must review and approve the issuance of debt instruments before the proposal is presented to the City Council. ​Thank you for your assistance in getting […]

Watch out for the bond measures ahead — $503,000,000 just in Ventura County!

Watch out for the bond measures ahead — $503,000,000 just in Ventura County!

This June there likely will be 50 to 60 school and college bond measures on the ballot throughout the state. Under Proposition 39, education bonds can pass with the approval of only 55% of voters, not the higher two-thirds threshold for the approval of non-education measures. For this reason it’s important to be aware of proposed […]

Stimulus puts US debt on an upward trajectory

Stimulus puts US debt on an upward trajectory

As part of a pledge to “Make America Great Again,” President Donald Trump and Republican lawmakers are pursuing aggressive economic stimulus while slashing taxes at the same time. The result, budget analysts say, is likely to be swelling debts and deficits for the world’s largest borrower. – A ballooning deficit – America’s budget deficit was […]

Tax cut??? Ha!

Tax cut??? Ha!

By George Miller (originally published 9-29-17- needed re-airing and still seems applicable with only minor changes)   My friends are shocked to hear that I do NOT favor a tax cut right now. You may ask why, or maybe you don’t give a #*@)!. But I’ll tell you anyway: A tax cut without spending cuts […]

The real story behind America’s new $20 trillion debt

The real story behind America’s new $20 trillion debt

By Simon Black, September 11, 2017   Sovereign Valley Farm, Chile Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark. This was a long time coming. It should have happened back in March, except that a new debt ceiling was put […]

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 […]

The First Step Toward Fiscal Discipline: Cut Up The Credit Card

The First Step Toward Fiscal Discipline: Cut Up The Credit Card

. By Thomas L. Knapp In 2015, Congress temporarily did away with the US government’s fictional “debt limit.” I call that limit fictional because it’s not really a limit. Every time the government gets close to it, Congress raises it. It’s as if signs on the highway changed to display a number five miles higher […]

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