December 4, 2022
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Ratings agencies unfazed as county pension costs rise

By   /  Friday, October 25th, 2013  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on 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.

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Timing is everything with $56M Central Coast banking merger

By   /  Friday, October 25th, 2013  /  Columns, Opinion  /  Comments Off on 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.

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Editorial: Women government leaders could reset tone

By   /  Friday, October 11th, 2013  /  Editorials, Opinion  /  Comments Off on Editorial: Women government leaders could reset tone

They may fare better than their predecessors in coping with the nagging problems of slow growth, high housing prices and the need to foster a culture of innovation that keeps the job engine of the region humming.

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Last plant standing: PG&E touts safety upgrades at Diablo Canyon

By   /  Friday, October 4th, 2013  /  Central Coast, Features, Technology, Tri-County Economy  /  Comments Off on Last plant standing: PG&E touts safety upgrades at Diablo Canyon

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Cities open door to Airbnb tourism taxes

By   /  Friday, September 20th, 2013  /  Central Coast, Top Stories, Tourism  /  Comments Off on Cities open door to Airbnb tourism taxes

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Better pro bono systems in SLO, Ventura counties

By   /  Friday, August 23rd, 2013  /  Law & Goverment, Nonprofits, Top Stories, Tri-County Economy  /  Comments Off on Better pro bono systems in SLO, Ventura counties

Ventura and San Luis Obispo counties have more robust systems than Santa Barbara County for helping poor people who cannot afford legal help find a lawyer willing to take on their case. In both counties, local bar associations oversee systems that take in requests from the poor and, if the issue can’t be resolved, assign Read More →

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SLO County mourns loss of Supervisor Paul Teixeira

By   /  Thursday, June 27th, 2013  /  Latest news  /  Comments Off on 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 →