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Finance committee directs staff to evaluate $20M water/wastewater bond and begin $10M school bond process
Summary
The committee asked staff to evaluate a $20 million general-obligation bond for water and wastewater projects and to begin work on a potential $10 million school district bond for later consideration.
The Assembly Finance Committee on Jan. 8 directed staff to evaluate placing a $20 million general-obligation bond for water and wastewater projects on the fall ballot. The direction passed 7–1 (Chair Wall opposed). The committee asked staff to return with analysis of project lists, impacts on utility rates and debt-service scenarios.
Separately, the committee also asked staff to begin…
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