Posts Tagged: bond

Drought busting: conservation, recycling, new projects

San Gabriel River, following the rains.

by STEVE FLEISCHLI posted 03.05.2014

OPINION: Even though California received heavy rains in the past week, officials say will still are experiencing an historic drought. We are not out of the woods. Far from it. According to the California Department of Water Resources, 10 communities have less than 60 days of water, ranchers and farmers across hundreds of thousands of acres are scrambling to find water, and dozens of municipalities have ordered homeowners to reduce their water use by 20 percent or more. (Photo: San Gabriel River, following recent rains. Getty Images/David McNew)

An $8 million pension bond was approved last week by voters in Piedmont, a small well-to-do city completely surrounded by deep-in-debt Oakland, originator of the pension bond that has figured in the Stockton, San Bernardino and Detroit bankruptcies. (Photo: City of Fremont

Water bond facing rewrites

An aerial view of the Sacramento-San Joaquin River Delta.

by JOHN HOWARD posted 01.14.2014

The ink was barely dry on the governor’s budget before new legislation emerged in the Legislature to rewrite a multibillion-dollar water bond on the November ballot. Sen. Lois Wolk introduced SB 848 on Jan. 9, which would ask voters for permission to borrow some $6.475 billion for an array of water projects. Two days earlier, Assemblyman Anthony Rendon, D-Lakewood, offered amendments to his $6.5 billion water bond, AB 1331. (Above: Aerial view of the Delta. Photo: worldislandinfo.com),

Do water woes help 2014 bond?

by SAMANTHA GALLEGOS posted 12.25.2013

But even as the rain clouds appear sparse, there may be a silver lining for the backers of a major ballot measure: Experts say the grim outlook could spur voters to approve a multibillion-dollar bond facing voters in November 2014. It could bring to reality the need to borrow money and resolve some of the state’s water issues. (Photo: Lower American River, USFWS)

Moves may allow bankrupt city to avoid pension fight

Bond insurers who walked away from mediation last year before Stockton filed for bankruptcy are at the table this summer. A deal could avoid a precedent-setting legal showdown on whether public pensions can be cut in bankruptcy.

Attorneys for the city and bond insurers told U.S. Bankruptcy Judge Christopher Klein last week that mediation, presided

From the Public Policy Institute of California

With the economy weighing on Californians’ minds, fewer than half of the state’s likely voters favor construction of a high-speed rail system or support an $11.1 billion water bond that is scheduled to go on the 2014 ballot. Both get majority support with lower price tags. These