http://www.stepwiseadvisors.com/a-case-of-politics-vs-practicality financial guidance that makes a difference Fri, 27 Jan 2012 14:09:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.stepwiseadvisors.com/a-case-of-politics-vs-practicality/comment-page-1#comment-31 jgmumm Fri, 06 Nov 2009 14:34:15 +0000 http://www.stepwiseadvisors.com/?p=659#comment-31 Update #2. The City was placed on negative credit watch by S&P and then approved the 18% increase. <a href="http://bit.ly/42pEMp" rel="nofollow">Here's is a URL to the story</a>. Update #2. The City was placed on negative credit watch by S&P and then approved the 18% increase. Here’s is a URL to the story.

]]> http://www.stepwiseadvisors.com/a-case-of-politics-vs-practicality/comment-page-1#comment-27 jgmumm Wed, 21 Oct 2009 11:08:59 +0000 http://www.stepwiseadvisors.com/?p=659#comment-27 Update. The Oceanside council voted in favor of an increase but now has to take another vote due a state law that requires a super-majority to amend the rates to the state code - something that is a bit different in California than elsewhere. As I predicted, the City appears to be on unofficial credit watch and received a letter from S&P. At least one council member would risk the City's credit rating rather than increase rates. Those aren't things the rating agencies like to hear. <a href="http://bit.ly/4iAM54" rel="nofollow">Here's the link to the story.</a> Update. The Oceanside council voted in favor of an increase but now has to take another vote due a state law that requires a super-majority to amend the rates to the state code – something that is a bit different in California than elsewhere. As I predicted, the City appears to be on unofficial credit watch and received a letter from S&P. At least one council member would risk the City’s credit rating rather than increase rates. Those aren’t things the rating agencies like to hear. Here’s the link to the story.

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