Direct staff to analyze potential bond rating downgrade costs and prevention measures
In Plain English
The city's credit rating from S&P may be downgraded, which would increase borrowing costs when the city issues bonds for infrastructure projects. Staff will prepare a presentation showing how much extra the city would pay in interest if the rating drops further. The analysis will also outline steps the city must take to prevent a downgrade and create a timeline to implement those measures.
Auto-generated summary. Source: official agenda documents.
Votes
Approve the item
7 to 0
Related Items
Receive monthly financial reports for January 2026
Mar 17, 2026
Approve 3 human resources contracts totaling $269,100
Mar 17, 2026
Review mid-year budget performance and approve spending adjustments
Mar 17, 2026
Accept $10,000 Carnegie Corporation gift for library history room and museum
Mar 17, 2026
Accept $137,058 state grant for adult literacy and English language programs
Mar 3, 2026
Appropriate $8.2 million in leftover funds from last year's budget
Mar 3, 2026
Update authorized signers for Local Agency Investment Fund accounts
Mar 3, 2026
Approve 3-year contract for irrigation supplies up to $150,000
Mar 3, 2026
Receive annual financial audit report for fiscal year 2025
Mar 3, 2026
Receive monthly financial report for rent control program through January 2026
Feb 18, 2026