Ratings agencies unfazed as county pension costs rise
Despite dire warnings that future pension costs could cause a fiscal meltdown for tri-county governments, credit ratings for Santa Barbara, Ventura and San Luis Obispo county bonds remain mostly unaffected by looming gaps in their retirement obligation funding.
Standard & Poor’s, a leading rating agency, ranks all three counties near the top of a scale that spans from its highest AAA to C, the lowest rating a bond can have without defaulting. Santa Barbara County carries the agency’s second highest AA-plus designation. Ventura County is assigned a slightly lower AA-rating this year and SLO County is ranked AA-minus.
Timing is everything with $56M Central Coast banking merger
Regulators will have one less bank to regulate and the combined bank will get benefits from economies of scale.
Last plant standing: PG&E touts safety upgrades at Diablo Canyon
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Cities open door to Airbnb tourism taxes
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
SLO County mourns loss of Supervisor Paul Teixeira
The Central Coast received a bit of a shock June 27 when we learned that Paul Teixeira, the 4th District Supervisor for San Luis Obispo County, had passed away the night before from an apparent heart attack. Teixeira, who was just 57, was serving as chair of the board of supervisors at the time of Read More →
