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Board approves up to $63.5 million in revenue obligations for EDCO Waste & Recycling Services
Summary
The Board of Supervisors voted to authorize issuance of revenue obligations by the California Enterprise Development Authority to benefit EDCO Waste & Recycling Services; public commenters raised concerns about customer service, future rate increases and choice of vehicle fuel types for collection fleets.
On Sept. 10 the San Diego County Board of Supervisors approved a measure authorizing the issuance of revenue obligations by the California Enterprise Development Authority for the benefit of EDCO Waste & Recycling Services, allowing the company to finance facilities and equipment upgrades.
The proposal drew multiple public speakers who opposed the authorization or urged caution. Speakers questioned whether the debt would lead to higher customer rates, criticized EDCOcustomer service in some service areas, and asked whether investments would favor compressed natural gas (CNG)…
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