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Despite warnings from Orange County leaders and other experts that dissolving the district would cause financial chaos, raise local taxes and affect services, DeSantis insisted that “we’re going to take care of all that.”
More By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. FITCH PUTS MANTECA ON NEGATIVE BOND WATCH Fallout from the projected $4.7M sewer fund deficit that’s projected for June 30 A firm that rates the credit worthiness of bonds needed to finance critical infrastructure such as sewer projects has put Manteca on notice its “AA” credit rating is in jeopardy. The news Thursday came on the heels of last week’s revelation that the sorting out of issues in the mun...
Nonprofit Hospitals Get Negative Public Finance Ratings January 19, 2021 A greater number of public entities received finance ratings downgrades than upgrades for the first time since 2013, according to New York City-based credit rating agency Fitch Ratings. Nonprofit hospitals, which have experienced upheavals in the operations amid the coronavirus epidemic, have an uncertain future as the crisis lingers. Overall, Fitch Ratings issued 100 upgrades and 181 downgrades across several sectors, compared with 173 upgrades and 105 downgrades in 2019. Within the hospital sector, however, only five o...