Water rate increase totally unjustified

In a recent newspaper article, directors Rufener and Knopp assert the early necessity to rehabilitate Las Virgenes Water District’s infrastructure of pipes and pumps. These gentlemen suggest these costs will require the district to increase water rates to customers.
Evidently these directors have not considered methods used by many corporations to finance large expansion or rehabilitation projects.
Very often long term instruments, such as municipal bonds, will be used to secu...

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