IS IT TRUE that the City of Evansville’s Sewer and Water Utility today embarked on a typical PR campaign to alert the media that they are about to do three new projects spread all over Evansville?…the thing that is puzzling is that the total of the three projects only amounts to $1 Million which is small enough to barely be noticed?…perhaps the press release really was released to mitigate the news about their bond rating that they are aware that the City County Observer has that refutes the whole nonsensical assertion coming forth from the Mayor’s office about just how wonderful Evansville’s finances are?
IS IT TRUE the official ratings release regarding the outlook for the City of Evansville has been downgraded from stable to negative?…the exact wording released by S&P is as follows:
Standard & Poor’s Ratings Services has revised its outlook to negative from stable on the City of Evansville, Ind.’s waterworks revenue bonds and affirmed its ‘AA-‘ rating on the bonds. At the same time, Standard & Poor’s assigned its ‘AA-‘ rating, with a negative outlook, to Evansville’s series 2013A waterworks revenue bonds. “The outlook revision reflects our opinion of the utility’s deteriorated financial position that led to inadequate coverage in fiscal 2012 and adequate coverage in fiscal 2011,” said Standard & Poor’s credit analyst Corey Friedman. The rating reflects what we view as the system’s: Ample treatment plant capacity, which we expect to be sufficient to meet the utility’s needs well into the future;…
Companies mentioned in this report are:
Evansville
Action: Affirmed
Action: New Rating
Action: Outlook: Negative
IS IT TRUE with real news that pulls the mask off of the Lone Ranger by applying a negative outlook to the bonds about to be issued, a happy distraction for the public must have been needed?…as the City of Evansville gets closer to the day of reckoning that will require us to borrow up to $800 Million to repair our dilapidated sewers to comply with the EPA consent decree, the last thing we all needed was a negative trending outlook on our Sewer and Water Departments bonding?…that a simple 1% increase in the interest rate on these future bonds will result in about $8 Million per year in higher interest payments?…that is nearly equal to all of the “boat money” that we have used as an excuse to ignore public health issues?…the rise in interest rates from downgrades and complacency is the big chicken coming to roost on the fun and games crowd in the Civic Center?
IS IT TRUE we received many comments about the remarks made by 1st Ward City Councilman Dan McGinn at last night’s City Council meeting concerning the unexpected costs now facing thousands of home owners caused by the installation of “ smart water meters” by Hydromax working under the contract between the City and Johnson Controls?
IS IT TRUEÂ McGinn basically alleged that that any repair costs caused by this project is part of the expense that a home owner should expect to pay? …Mr. McGinn also stated he is presently putting new windows and a roof on his Eastside home and this is also part of expenses of being a home owner?
IS IT TRUE he should understand there are a lot of sub-standard housing in Evansville and that many home owner’s can’t afford to pay the unexpected water line repair costs he speaks of in such a cavalier manner …Mr. McGinn should also realize most people in Evansville are struggling to pay house payments,  pay water and sewer bills,  pay property taxes,  buy clothes for their kids and put food on their table.
IS IT TRUE the day is coming soon when President Obama and Kentucky Senator Mitch McConnell will be sitting down for a good old bourbon drinking discussion of how things are in the United States?…these guys probably do deserve a good drunk as each has been the object of much criticism from the right and left?…we will even go so far as to say that these two guys deserve most of the criticisms they have gotten for much the same reasons?…we have a suggestion that may enable something to actually get done in Washington?…our suggestion is that the Senator and the President should just take an acre-foot of fine Kentucky bourbon into a room and go on a 26 month bender only emerging to wave to the crowd and say absolutely nothing to anyone?…it may even be a good thing if Harry Reid, Nancy Pelosi, and John Boehner would join the dynamic duo in a 26 month drunk?…most of the world’s problems are solved with the assistance of alcohol anyway so let the good times roll?
IS IT TRUE that on multiple occasions from 2011 to 2013 President Obama clearly stated that he did not have the constitutional authority to defer deportations of people who are in the United States without proper documentation?…it is widely expected based on presidential statements of “losing patience” with congress that he will be taking executive action to do precisely what he said he could not do “because he is a president and not an Emperor” on several occasions?…we may just find out what happens when a president violates his own interpretation of the constitution before Christmas?…we shall stay tuned to see which President Obama is on the job now?