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By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. FITCH PUTS MANTECA ON NEGATIVE BOND WATCH Fallout from the projected $4.7M sewer fund deficit that’s projected for June 30
A firm that rates the credit worthiness of bonds needed to finance critical infrastructure such as sewer projects has put Manteca on notice its “AA” credit rating is in jeopardy.
The news Thursday came on the heels of last week’s revelation that the sorting out of issues in the municipal finance department found: The sewer enterprise account will have a projected $4.7 million deficit by June 30.