Prior planning . Thats right. Okay so the additional half cent is like 1. 7 million . The additional half cent will be directly on the general fund about 1 dot 4 or 1 dot 5 million for electricity and in addition the mayors proposal full reimbursement then the additional cost to go solar . The additional cost to go solar would be to go solar would be 3 million a year over the next 2 years. Okay so basically most of the half cent goes to go solar . Thats the equivalent, yeah. Thank you. So again shows the dramatic improvement compared to what we started with back in february and it was also with difficult choices so just to be able to assume the one penny over the next 3 years and a half a penny a penny as well as to update it to reflect the Third Quarter Strong Reserve thats slightly more than 15 percent. Sorry stuck on that question so you dont need to attribute a certain pot of money for a program like go go solar that doesnt go back and benefit the public dollar if you will . I know
Benefit the public dollar if you will . I know im not saying that right but arent we subsidizing a Residential Program right . It is a Residential Program and its a program thats not directly our customers currently but its a policy prerogative and so it really is a policy choice. So it doesnt need to be a direct transfer from a certain source of money . My reason for raising the point is that it is sometimes viewed that that hetchy funding a program like go solar is free money, its not. So that you know the more that we do, the more pressure that puts in on general fund power rates and the more pressure that puts on the general fund right. Were at a point now where theres reserves where we used to have cash reserves they are projected to be significantly lowered to what are just what our 15 percent levels are the lowest levels given the volatility that were in. So now that we have to go borrow money to bond fund our capital. Mr. General manager . I just wanted to highlight the fact an
Next week on may 21st and and also may 28th and well have the boards budget hearings and review the budget now in detail with the boards budget budget analysts and the Financial Plan as a number of sheets included in it going through all the various scenarios and so that when we do we do go to the bond market, we go through all the key risks as well as all the key, flexibilities that we have in the enterprise. Summarized on page 8 and also the solving of a very large fiscal imbalances and the Key Assumptions are on page 8 and they do include one example of a revision that id like to make administratively if you so authorize in your amendment to update the capital plan increase to reflect the the 155 million worth of reductions and assume power Revenue Bonds over the 10 years as well as the one penny reductions and then level out towards about a half a penny and to the degree rate increases are more than half a penny that would allow us to add back some of the cut capital or reduced cap
Half of that was part of the prior planning . Thats right. Okay so the additional half cent is like 1. 7 million . The additional half cent will be directly on the general fund about 1 dot 4 or 1 dot 5 million for electricity and in addition the mayors proposal full reimbursement then the additional cost to go solar . The additional cost to go solar would be to go solar would be 3 million a year over the next 2 years. Okay so basically most of the half cent goes to go solar . Thats the equivalent, yeah. Thank you. So again shows the dramatic improvement compared to what we started with back in february and it was also with difficult choices so just to be able to assume the one penny over the next 3 years and a half a penny a penny as well as to update it to reflect the Third Quarter Strong Reserve thats slightly more than 15 percent. Sorry stuck on that question so you dont need to attribute a certain pot of money for a program like go go solar that doesnt go back and benefit the publi
Yeah, i mean, were supporting biden. Reporter this married couple just sold their house after two years, making a 25 profit. And their careers in software and interior design are on fire. I think our hustle and drive is definitely a big reason why were in the position were in. Donald trump inherited a really good economy, very low unemployment rate. Im actually quite concerned if donald trump stays in the white house that we could be headed into a deep recession. Reporter a city divided economically and politically, as election day draws closer. That was jo ling kent reporting. We begin this hour with a state of the race. The record totals in early voting and the president who knows he has an uphill climb to victory in two weeks time. President trump and former Vice President joe biden are gearing up for their second and final debate next week. It is their last chance to make their case in a race that polling shows is joe bidens to lose. Today President Trump is in michigan Sowing Divi