Tag: JEA

A.G. GancarskiFebruary 13, 2018
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3min209
Save JEA now. That’s the rallying cry of a political committee (Florida Committee for Infrastructure Investment) designed to stop the exploration of selling Jacksonville’s utility in its tracks. The charge: “Mayor Curry and his buddies are trying to sell JEA behind your back. He has already been caught giving misleading statement to the media about the […]

A.G. GancarskiFebruary 12, 2018
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9min1092
A power struggle between Jacksonville Mayor Lenny Curry and City Council President Anna Brosche continued Monday. The latest field of battle for the two Republican CPAs: the JEA valuation study that will be finalized Wednesday. Brosche rebuffed JEA Board Chair Alan Howard‘s call for a special Council meeting that day to discuss the study, which will suggest exploring the true […]

A.G. GancarskiFebruary 9, 2018
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7min271
Good news and bad news for those watching the trials and travails of Jacksonville’s Police and Fire Pension Fund. The good news first: Per a recent actuarial report from the fund, 2017’s funded ratio is 47.60% compared to 43.02% last year (after reflecting all Actuarial Impact Statements). This is the highest ratio since 2010. The […]

A.G. GancarskiFebruary 8, 2018
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3min274
As Jacksonville considers the increasingly less hypothetical question of whether or not to sell its public utility, JEA, a bill (2018-101) filed this week would earmark any proceeds. The bill, filed by Republican City Councilman Matt Schellenberg, would set up a restricted reserve account, which would require a two-thirds vote to access funds therein. In a conversation Thursday […]

A.G. GancarskiFebruary 7, 2018
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5min435
Public Financial Management is developing a valuation report for JEA, and a draft released to media makes the case that Jacksonville’s utility may have a “new answer to the old question of whether the city should sell JEA.” The most telling paragraph in the 25-page draft of the potential sale comes at its close. “In […]

A.G. GancarskiFebruary 1, 2018
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7min337
Last year, outgoing JEA board member Tom Petway floated an audacious proposal: privatize Jacksonville’s public utility. Explorations of that concept apparently have proceeded to the point where Action News Jax reports there are worries of a “mass exodus” from the company. Moreover, an internal letter template suggests pending offers of “continued employment” during possible “acquisition or change of control,” […]


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