Page 5 - Services Installation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rate changes once you look at both of them combined are going from what we had told you last year of right around 10 percent to between 10 and 12 percent a year. Again we will bring these rate changes back to you in the next 2 to 3 years once we have our retail cost of Service Study and in the interim period between now and then we will work on bringing these rate changes down as much as we possibly can. That was the rate sid...

Organization and rate payers money. In 2012 a couple years ago we received the authorization to refund up to 500 million in bonds from the board of supervisors. We used a little bit of that in that year, 2012, so we are coming forward to you today to use the rest of that existing authorization. So what were proposing is to request from you an approval of to refund up to 450 Million Dollars of outstanding bonds. We look forward to bringing that to the market probably next month in march. They will be tax exempt bonds and right now were looking at Interest Rates of around 2. 7 percent for those ...

You have your 24 7 operations, your revenue funded service. The commission has only taken action on phase i, but we have included in all of our projections here if there were an approval on phase ii and phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rate changes once you look at both of them combined are going from what we had told you last year of right around 10 percent to between 10 and 12 percent a year. Again we will bring these rate changes back to you in the next 2...

Along with 5 projectfunded inaudible this half million increase is offset by the mou adjustments and leaves the total annual budget amount unchanged. The next slide shows the breakdown of the fte count and to authorized funded positions, salary savings, and the total positions funded in the operating budget. Associated with the new request for these Services Installation is an additional project funded ftes to reduce overtime, increasing the authorized positions from 749 to 754 in the water, regional and end city, and the total has increased from 2,402 to 24407. The proposed budget dollars rem...

Phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rate changes once you look at both of them combined are going from what we had told you last year of right around 10 percent to between 10 and 12 percent a year. Again we will bring these rate changes back to you in the next 2 to 3 years once we have our retail cost of Service Study and in the interim period between now and then we will work on bringing these rate changes down as much as we possibly can. That was the rate sid...