Rancho Water to Refund Bonds and Cover Loss from Shelved Rate Increases

During a joint regular meeting of the Rancho California Water District finance and audit committee and a special meeting of the board of directors, Thursday, Sept. 3, the district committee agreed to implement the 2020 Plan of Finance and authorize RCWD’s general manager to negotiate and enter into agreements for proposed bond issuances to save the district an estimated $1.3 million.