Re: “City to pipe in new bond funds,” Nov. 3, the Glendale City Council recently raised our water rates 13% over the next four years. In addition, this is on top of the already 38% water rate increases residents, businesses and schools have experienced since 2007. By the year 2015, residents, businesses and schools will have been assessed a 51% water rate increase.
The people’s attorney, Harry Zavos, many times came before our city council and challenged the illegal transfer of money from the Water Fund to the General Fund. The transfer stopped only after former City Attorney Scott Howard, after nearly a year of stonewalling, advised the council.
By a four-to-one vote, with councilman Rafi Manoukian stating he would not vote for the bond, council members Friedman, Najarian, Weaver and Mayor Quintero advised staff to prepare the necessary paperwork for the processing of another bond debt for the stakeholders of Glendale.
We need to operate our utility company as a sound business enterprise and not as a source of additional revenue to help shore up the unfunded and unsustainable salary and pension obligations of our city employees.
Finally, because of council mistakes, the Moody Investment Service Company, a major bond-rating company, today would not be contemplating downgrading the financial soundness of the city of Glendale.