The following is a press release from an organization unaffiliated with Voice of OC. The views expressed here are not those of Voice of OC
Trash Importation Approvals Will Assure Final Debt Repayment
Unanimous city approvals of agreements to allow continued acceptance of out-of-county trash through 2025 at local landfills will provide the revenue needed to fully repay the remaining creditors from the County’s 1994 bankruptcy. The Board of Supervisors unanimously approved the pact on Tuesday. The County retired one bankruptcy bond issue in June 2015, with the other to be repaid in the coming fiscal year. Combined principal and interest payments on both bonds total $1.585 billion.