Rob Williams Quotations
Rob Williams Quotes about:
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Appreciation Quotes
The county has experienced strong property appreciation trends over the past several years, with total assessed value increasing by a very strong 49% since 2003 to $4.0 billion in fiscal 2006. Since 1998, the unreserved fund balance has ranged between a high of 6.7% of expenditures in fiscal 2003 to a low of 2.0% of expenditures at the end of fiscal 2004. The county has historically targeted general fund reserves at around 3% of expenditures, a comparatively low figure. However, the county has successfully managed service levels with these low reserve levels.
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Additional Quotes
The current budget for the plant upgrade is sizable at approximately $75 million, including $56.6 million in a guaranteed construction contract. While historical system financial performance has been healthy, adequate coverage on the 2006 bonds will require a significant increase in net revenues. The city council and sanitary district boards have already approved rate increases of 32% in fiscal 2006 and an additional 59% over the next three years, to $65.68 in fiscal 2009. While high, these rates would not be the highest for comparable sanitary districts in northern California, and the rate increases have gone through the required public hearing process.