The debate about the COT electric utilities reserves is beginning to provide answers, though questions remain. Last Wednesday the COT brought in consultants to provide more information about the appropriate level of the electric reserve. City staff is seeking a reserve level between $119 million and $185 million. The reserve is currently at $105 million. […]
Our recent report on the wealth of the City of Tallahassee electric utility published on January 19, 2011 generated a response from the City of Tallahassee. On Friday, Tallahassee Reports received an email from the City that indicated the report was one sided and should have included a different calculation. The initial report compared the […]
The recent debate on the fate of the $8 million electric utility surplus for 2010 has morphed into a discussion about the proper level of the electric utility reserves. City staff has reported that the current level of the reserve is approximately $100 million, with a staff proposed range of between $119 million and $185 […]
The City of Tallahassee’s capital bond rating has been downgraded. Bonds are used by states and municipalities to raise money to pay for things such as infrastructure projects. On January 16, 2009 Business Wire reported that “in the course of routine surveillance, Fitch Ratings downgraded Tallahassee, Florida’s approximately $5.2 million in outstanding capital bonds series […]
The City of Tallahassee’s capital bond rating has been downgraded. Bonds are used by states and municipalities to raise money to pay for things such as infrastructure projects. On January 16, 2009 Business Wire reported that “in the course of routine surveillance, Fitch Ratings downgraded Tallahassee, Florida’s approximately $5.2 million in outstanding capital bonds series […]