Escondido’s Bond Ratings Raised by Standard & Poor’s 

Originally Posted September 01, 2015

I am pleased to announce that Standard & Poor's Ratings Services has upgraded two of Escondido’s bond ratings.

Standard & Poors raised its long-term rating and underlying rating to 'AA-' from 'A+' on Escondido’s existing series 2012 water revenue bonds. At the same time, Standard & Poor’s raised the long-term ratings to 'AA-' from 'A+' on the series 2007 water bonds.

The outlook is stable for all bonds. This stable outlook reflects Standard & Poor's opinion that the financial performance of Escondido’s water system has been consistently strong and will remain strong over the two year outlook rating period.   Further support for this rating is evidenced by the water system’s stable and diverse customer base and recent track record of water system annual rate increases to support operations and fund future capital projects.

A copy of the rationale supporting the ratings and outlook is available on the city’s website at: http://www.escondido.org/Data/Sites/1/media/PDFs/Finance/City%20ofEscondidoReport.pdf


Originally Posted August 24, 2015

Town Hall meetings are a good way to give residents an opportunity to express their opinions and discuss their concerns in a less formal environment than regular council meetings. In fulfillment of one of my campaign promises, I have held nine Town Hall meetings since 2011. My next town hall meeting will be held on Wednesday, September 16, 2015 at 4:30 p.m. in the Council Chambers at City Hall, 201 N. Broadway.  The meeting format will start with a brief city update, followed by an open question and answer period on any topic relating to local government.  This is your opportunity to share your views on the issues facing our community and to discuss any subject that matters to you or your business. Our staff will follow up on issues not addressed during the meeting. The meeting will also be videotaped and rebroadcast the following Sunday and Monday evening at 6:00 p.m. on Cox. Ch.19 and AT&T U-Verse Ch. 99.

I encourage you to attend and participate in the discussion, or even just say hello and introduce yourself.  Working together we can help Escondido become a better city.

Don’t Miss Escondido’s Grape Day Celebration on September 12 

Originally Posted August 21, 2015

Grape Day is an important, historic event for Escondido which started in 1908 as a way to celebrate our grape harvest and promote the city. Grape Day flourished until 1950 when it was discontinued. It was revived again in 1996 and once again brings the community together again each September.

The Escondido Sunrise Rotary Club will kick off the day at 7:30 a.m. with their annual 5K Fun Run. Participants of all ages can walk or run according to their abilities. The Grape Day 5K will be followed by the Grape Day Parade at 9:30 a.m. The whimsical parade starts at Escondido Boulevard and Grand Avenue and travels east on Grand to Juniper, featuring floats, marching bands, walking groups, equestrians and historic automobiles. The Grape Day Festival begins at 9:30 a.m. and includes free, family-friendly activities such as grape stomping, live music and dancers, vendor booths and demonstrations.

More information please visit  www.grapeday.escondido.org

Second Annual Escondido Business Walk 

Originally Posted August 10, 2015

The City of Escondido’s business retention and expansion program strives to keep businesses from relocating outside of Escondido and the 78 corridor.  It also helps businesses with expansions that create jobs, and helps firms increase their competitiveness. In an effort to identify and understand the needs of Escondido businesses, the City and the Escondido Chamber of Commerce hold an annual outreach survey event called the Escondido Business Walk. The purpose is to gather information about what businesses need to be successful in Escondido.

On Thursday, September 24, 2015, volunteers from the City of Escondido and the Escondido Chamber of Commerce will visit businesses throughout the city to conduct a brief survey.  This is a great opportunity for businesses to communicate directly with the City and Chamber of Commerce on the issues that are most important to them.

If you are a business owner and would like to receive a visit, please contact Michelle Geller at 760-839-4587 or at mgeller@escondido.org

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