WASHINGTON – The Internal Revenue Service announced today that it is accepting applications from cooperative electric companies for $190.8 million of unallocated new clean renewable energy bond authority left over from the $2.4 billion authorized as part of the stimulus act.
City officials attribute the structural deficit to inflation-driven spending increases combined with revenues that have not kept pace.
Muni yields were cut up to five basis points Thursday, depending on the scale, after yields rose up to two basis points the day prior.
The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.
Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.
The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.
California State Controller Malia Cohen released her monthly cash report and announced formation of a new economic advisory council this week.
