Fiscal Flash, Episode #1
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Episode #1: Jan. 28, 2009
Ventura’s Fiscal Flash is an electronic newsletter with the latest information from the City of Ventura as staff and the City Council work with the community to achieve fiscal balance in these tough economic times.
Wright Library Patrons Call for Discussion on Possible Tax Measure
The Ventura County Star reports that residents hoping to prevent the closure of Wright Library have proposed a fundraising campaign, and have asked the City Council to consider a possible tax measure, to close the
The City Council will discuss the request at its Feb. 2 meeting, which starts at 6 p.m. at City Hall, 501 Poli Street. Residents are welcome to attend and make public comment.
- Read “Wright fans vow to raise funds and save ailing library”; Ventura County Star, Jan. 28, 2009
- View a factsheet on the County Library System's consolidation proposal
Standard & Poor's Upgrades City of Ventura Credit Rating to AA-
Standard and Poor's Ratings Services (S&P) recently reviewed the financial position of the City of Ventura and raised its rating from "A" to "AA-." The highest rating S&P issues is "AAA." The positive rating action reflects their opinion, expressed in a five-page report, "that the city's maintenance of a very strong financial position for a sustained period, coupled with a minimum general fund balance policy, positions it well to weather economic down cycles such as the one it is currently experiencing."
The S&P rating is a significant determinant used by the credit markets in making money available to the city for future borrowing, as well as determining the interest rate the City will pay for any funds obtained.
What you can do:
- Attend the Feb. 2 City Council meeting at 6 p.m. at City Hall, 501 Poli Street.
- Take our budget priorities survey.
- Log into My Ventura Access to share your suggestions with the City Council.
- To set up a meeting with a Council member for your community organization, neighborhood group or club to discuss Ventura's budget priorities, please call Anne Hallock at 805-658-4739 or e-mail ahallock@cityofventura.net.
