City of Oxnard claims Aaron Starr’s lawsuits cost $4 million
Dear Editor: They published a news release bemoaning the cost of the Aaron Starr lawsuits. They also wanted to claim victory in a recent court loss of such a lawsuit concerning Pension Obligation Bonds. They further claimed that the inability of taking advantage of “record low interest rates” cost the City even more.
This is interesting because S&P Global wrote an article: U.S. Pension Obligation Bond Issuance Recedes In 2022 As Interest Rates Rise https://www. spglobal.com/.../221010-u-spension...
This news release is done in mid-October, when Mr. Starr is running for City Council District 3 in the November 2024 election cycle. It’s interesting timing, to say the least. The press release can be found on the City webpage under News & Events.
A certain resident likes to repeatedly make the claim that Mr. Starr is costing the City much money. He recently used the $4 million figure, perhaps from the news release. It was previously claimed to be $2 million. Now $4 million. Which is it?
The voters and residents should keep in mind that the City only has to pay when they lose. So, any attorney fees, court costs, along with…
