They're not going down alone.
LOS OSOS:
For sewer funds, Osos looks to itself; Services district will borrow $630,000 from trash and water money to pay for research into a new wastewater project
San Luis Obispo Tribune – 5/8/06
By Abraham Hyatt, staff writer
Because a judge has blocked about $3 million of state money for a new Los Osos sewer, the town’s beleaguered services district will borrow $630,000 from its own water department and trash fees to finance research into the project.
District leaders say they don’t know yet how they’ll eventually repay the money.
Borrowing money from internal funds is something small agencies like Los Osos try to avoid but occasionally do, said Geoffrey Neill, a spokesman with the California Special Districts Association.
There’s a precedent for it at the Los Osos Community Services District.
The Los Osos CSD was $5M to the good before Los Osos recalled the pro-sewer Board of Directors. Now they're eating their young. You get what you elect, people. Or, sometimes, you get what your fellow citizens elect but nevertheless have to participate in horribly dogmatic, shortsighted decisions that will be tremendously expensive down the line. Thank god that only happens in Los Osos.
For sewer funds, Osos looks to itself; Services district will borrow $630,000 from trash and water money to pay for research into a new wastewater project
San Luis Obispo Tribune – 5/8/06
By Abraham Hyatt, staff writer
Because a judge has blocked about $3 million of state money for a new Los Osos sewer, the town’s beleaguered services district will borrow $630,000 from its own water department and trash fees to finance research into the project.
District leaders say they don’t know yet how they’ll eventually repay the money.
Borrowing money from internal funds is something small agencies like Los Osos try to avoid but occasionally do, said Geoffrey Neill, a spokesman with the California Special Districts Association.
There’s a precedent for it at the Los Osos Community Services District.
The Los Osos CSD was $5M to the good before Los Osos recalled the pro-sewer Board of Directors. Now they're eating their young. You get what you elect, people. Or, sometimes, you get what your fellow citizens elect but nevertheless have to participate in horribly dogmatic, shortsighted decisions that will be tremendously expensive down the line. Thank god that only happens in Los Osos.
Labels: LosOsos