stories along The Way
GPW: Self-Tempered Anarchy since 2009
Your GPW Editor-on-Occasion is Petra Fried in the City.
Send us your stories and ideas.
Threat threat threat, goes the Mayor. Although, we do like the idea of the "B" word because the decisions these city leaders are making are not proving to be terribly educated, enlightened, or show any real plan for fiscal recovery.
In the meantime, as I am editing this, council is discussing whether to assert control over this rate increase. They likely will do so, only to later pass the rate increase themselves since they do need the funds.
Can you afford to pay much more for your DWP bill?
Article by D-Zahn at the former fishwrap of record.
Villaraigosa warns of bankruptcy if L.A. City Council blocks electricity rate hike
Such a move would cause the general fund, which pays for public safety, libraries and other basic services, to “run out of cash” before the end of the fiscal year on June 30, Villaraigosa’s briefing paper said. “Council rejection of the DWP board’s action [to increase rates] would be the most immediate and direct route to bankruptcy the city could pursue,” the report said. The council is scheduled to decide on Tuesday whether to conduct its own review of the DWP increase. Villaraigosa’s appointees on the DWP board voted last week to approve the first of four rate hikes between now and April 2011.Once all four increases are in place, households across the city will see electricity cost increases ranging from 9% to 28%, depending on where they live and how much power they consume. Businesses would experience increases in their bills of 21% to 22%, according to the utility.
-- David Zahniser at Los Angeles City Hall