Cost of some of these things. We do know that street lights continue to be a big challenge for our city. So, im hoping we can come up with a solution to address the capital issues as well as, you know, the energy costs associated with them. So, one of the frustrations that we have is the hetchy provides opportunities to a lot of great program. And i believe street lights is definitely one of them. And, so, you know, in solving our problem with hetchy, we met with supervisors and kind of came up with some of the plans that were working on. And, so, but we havent had a chance to actually talk and negotiate what the deal was. And, so, with the mayors office, we have been having conversations about raising general fund rates. Weve been talking about putting street lights in the next bond. Weve been working with pg e and weve actually reduced the costs. We are looking at alternative projects for mountain tunnel. So, on all fronts were on this. So, i would love to come back when we have more
Additional purchases in the spring. The spring. Yeah, towards the end of this fiscal year, early summer we at the rate of storm right now, what were looking at, we are expecting to purchase a little bit more than we typically would. But all still within budget. We dont expect to have any needs that were unanticipated given how we budget for power. And have you made any contracts for the spring already . New york city we havent done any forward purchasing for the spring. We can, we can some time we find the published prices for power are pretty low and if you strike a forward deal, they just charge you more for it. So, when were in that situation, we stick with purchasing on the spot market and not making a forward commitment for the power. So, its all based on the he economics at the moment. And could you share with us, you know, via paper like who youve actually purchased from heretofore this year and also the ongoing basis who you will purchase from . That will be important for us. C
More to hire the youth in San Francisco. Finally, i want to say this in San Francisco the other thing we do besides hire people when the door has been opened to us we keep the door open for everyone else this is about opportunity its but also the suggestion that we are a community of people that care for each other this is a compassionate city and also not the economic success we all want but the ability to taller than and say whos next and who can i bring through the door you doorkeepers are there to keep the door open and were going to use that door to bring success to other families. Thank you for being here and in anticipation for helping us to create 7 thousand jobs this summer for youth i appreciate it very much this city is going to be on fire for everyone. Thank you clapping. thank you mr. Mayor so for those who remember the first opportunity how many got it right the first time . Yeah. Were creating opportunity to learn and grow. But with that its a pleasure to introduce the c
We do its predicted upon to establish the reserve and by the end of that 10 year plan we satisfy the 15 percent of operating right side and expenses and the debt coverage ratio. So in year one and two were satisfying that debt service so were technical low meeting reserves but by 3 through 10 its no longer substantial. How much is that president ial thats about 27 to 28 million so right now we have 20 million in reserve so were showing that next year and in the two years as well. I want to highlight although were submitting a two year budget its eating into our reserve so i hope to meet quarterly and if we are looking at, you know, not increasing our revenue it would be prudent to start directing our costs. So instead of waiting for year two and our reserves are down to fumes we need to do corrective actions as soon as we know that we know things were planning on pursueing. We probably need to really, you know, pursue a lot of those things were pursuing and get back to you im looking t
Investors a false picture of the economy right now. As we told you, well have a lot more on how this market is reacting on an expiration day. We also have a rebalancing of the Standard Poors 500. Kind of technical but it can have an impact on the markets. Volume at higher levels than we typically see at this time of the day. Well be speaking with Fortress Investment groups michael novogratz, Hedge Fund Legend here at 4 00. Well get his take on the market, what hes buying now and a lot more. Coming up, my interview with st. Louis Federal Reserve president , James Bullard . He voted against the tapering. He also told me theres a chance we could see tapering in october. Youll want to hear more about that in that conversation. And what he told you has been moving markets today. Well get the full picture coming up. Apple Stock Holding steady for now but how are sales doing for the new 5s and 5c . Folks were lining up as usual, but is it the kind of frenzy apple is used to seeing . Well go l