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Trackdown Management s Picking Up the Pieces

Trackdown Management s Picking Up the Pieces
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Central Basin Water Lowers Rates, Generates $2 5 Million Net Operating Margin - Cerritos Community News

By Brian Hews • May 24, 2021 COMMERCE, CA – Only months after Assemblywoman Cristina Garcia’s controversial bill failed, a bill that attempted to place Central Basin Water (CB) into receivership despite an $8 million reserve and a budget that showed a slight net operating margin (NOM), it is evident that the new CB Board, led by Art Chacon, and management team, led by Alex Rojas, cleaned up the mess left by Kevin Hunt, and the corporate sabotage of former Finance Director Andrew Hamilton, earning a $2.5 NOM and announcing a rate reduction. Despite a projected statewide drought, the CB Board  approved a 14 percent reduction in imported water rates for cites and other customers in its service area. The reduction was approved during the District’s monthly Board meeting on May 24.

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