Port Angeles' Bond Rating Improved
Moody's Investors Service has given Port Angeles an Aa3 rating, which is up from their previous rating of A2. This rating reflects investors' confidence in the city's ability to repay its bonds.
City Finance Director Yvonne Ziomkowski said "Them recalculating us to the higher rate actually shows that they agree that with our justification that we are financially sustainable and we are not going to default on our bonds."
City Finance Director Yvonne Ziomkowski said "Them recalculating us to the higher rate actually shows that they agree that with our justification that we are financially sustainable and we are not going to default on our bonds."
posted by Tom Harper at 11:41 PM
18 Comments:
"Them recalculating us to the higher rate ...
Ms. Ziomkowski, could you please take a refresher course in basic English skills. You sound like you just came out of the Ozarks or, if you'd said "Dems recalculatin us ...", da Bronx.
And before some of you start up with that "In American-Internet English this is perfectly acceptable ..." and Billy, before you start getting grumpy about "wordsmiths" and "grammar police" ... just forget about it.
In other news, what the hell happened to PDN.com??? I've been wanting them to update their interface but... I hope what they've got now is unfinished and will get better. Really hope.
Oh, and there's an article in the Seattle Times about our local Dollar Store closing. (The one by RiteAid and Westside Muffler... Wait, that closed too, didn't it?)
Ummmm...... Has anyone at the City ever considered that it might be better for its citizens not to have to go into debt in the first place?
Take a look at any recent city budget and realize how many hundreds of thousands of dollars each year go toward servicing debt --- including around $80,000 interest every year on a loan to buy property that former Manager Madsen & Mayor Rogers claimed was needed for the Gateway project. Three years later, the City declared it (the Niichel parcel) as surplus: "Oops - we didn't need the land after all." However, the debt obligation - including the requirement to pay yearly interest - will burden the city budget for another decade.
Please, City Council: Say "NO!" to more bonded indebtedness!!
OakPointAnnie is spot on. Staying out of debt in the first place is the key to success.
Abolishing budgets would be a step in the right direction. Budgets say lets throw X amount of money at A, B and C this year. Budgets fuel irresponsibility.
The key to a successful enterprise is to keep the overhead down.
Westside Muffler has moved over on South Bayview, as I heard it, I haven't confirmed it though.
But it puts them outside of the city limits and things are cheaper for a business outside of the city limits. I sure wouldn't start a business within the city limits in THIS town.
I wood tink dat some commentors wood have better things to do tan waste time bitching how we talk.
Hehehehe
Here's something - if you find such things interesting.
JEVONS PARADOX
Hello, downtown cherubs!
It's me, lil ol' Barb from the PADA here to remind you that tomorrow is the big, I mean really B-I-G, day when the cruise ship docks in our Art Friendly downtown, disgorging (so to speak) hordes of tourist just itching to spend their cash in the downtown shops!
And we're putting on the dawg (so to speak) for this huge event. They sure won't forget Port Angeles by the time we're done with 'em!
First of all, Mayor Di Guilio has deemed tomorrow "Cruise Ship Day" and when you think of cruise ships you naturally think of that lovable show of the '70s The Love Boat! We're having a Love Boat themed day downtown and many of our local luminaries will be portraying the characters from the show.
Captain Stubing will be played by Bob Stokes
Julie the Activities Director will be played by moi
Isaac the Bartender will be played by our local madcap Max Mania
The role of Doc will be assayed by Larry Williams
and Gopher will be played by our own Richard Stephens.
I'd like to encourage all downtown business owners and their employees to dress up in jaunty nautical costumes. Stewards, dock hands, pirates, yachtsmen and mermaids. Let's make this a theme-filled day which not soon be forgotten!
(And on a personal note, I'd like to remind downtown employees, and you business owners too, to refrain from chewing tobacco, spitting, cursing and blaspheming and scratching your privates in public while the cruise ship passengers are in town!)
You may notice Marine Drive will look a little different tomorrow. Our local Arts Community is working over time to wrap the entire docks and the K-Ply mill in black plastic trash bags. We will inform the cruise ship passengers that the world famous Artist Christo has done a special installation as a favour to his close personal friend Bob Stokes in our little town. Won't they be impressed? Shhhhh ... don't let the cat of the bag!
Keep smiling, cherubs!
Barb
Port Angeles is, in the worst economic climate in a century, going to borrow more money?
They already have our property over valued and keep hiking up taxes.
Perhaps they could try cutting back, and get rid of their spend-spend-spend mindset?
That rating will be in the toilet in no time.
Yvonne Ziomkowski is from Poland. English is her second language. So cut her some slack. She still speaks more better than many most of the locally borned folks.
Gah, not Westside Muffler. P.A. Muffler. Glad to hear they've just moved. They were a good place to do business. Fast, efficient, friendly, reasonable prices.
The Watcher: If you don't like how the locals speak you can always move somewhere else.
BTW, have you reread how you worded that? :-)
I stumbled upon a web site about a zipline tour, here...
http://www.newrivergorgecanopytour.com/
Might give some insight as to what might be heading our way. That looks fun! $100 seems a bit steep for such a quick experience, but I might splurge if the economy picks up. And this thing opens.
Watcher, did I say "forget about it" or did I say "fuhgedda buht it"?
Billy, check the batteries on your irony meter. Install fresh batteries if necessary. Then re-read The Watcher's comment, specifically the last sentence.
Dude, I smoked zipline on Maui once. Awesome, man!
Hey, bro! Next time you're smokin, try some Aa3. Swe-eee-et!
Billy, check the batteries on your irony meter.
My batteries are up to snuff, thank you very much. Just load your pipes and take a few more hits and I'll have a few more brews cuz that's the best it's going to get for us.
As for the rest of them, it's just a bunch of monkeys fucking around.
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