New financial information reported to the Oregon Health Authority (OHA) from 16 contracted coordinated care organizations (CCOs) show that the state’s CCOs were financially stable and sound in 2021.
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.