Hospital faces potential default over GASB 68 pension accruals
Local hospital warns its FY2018 budget could trigger a technical default due to GASB 68 pension accounting. CFO Jon Riggs says estimated net pension liability and inflows/outflows add 10.2 million in 2017 and 15.3 million in 2018 versus cash expenses, with auditors and bond counsel weighing an allowance from bondholders. The board voted to raise the ad valorem rate to generate 4.9 million, despite two members opposing, and set public hearings for September 13 and 19 with final vote September 26.
MENTIONED IN THIS ARTICLE
Medical Center
Gasb 68
Jon Riggs
Riggs
Fitch
S&p
Moody
Hallmark
MCH
Bill Webster
FRG
Dodd
Mary Lou Anderson
Odessa College eyes four year degrees for local workforce
Odessa College officials say SB 2118 may allow limited bachelor programs in applied science, applied technology and nursing. Aboard by 2018, the board will review rules. funding, articulation agreements and accreditation affect viability. Local demand, industry needs and statewide 60x30TX goals shape the plan.
MENTIONED IN THIS ARTICLE
Odessa College
Permian Basin
Texas Higher Education Coordinating Board
Valerie Jones
Jones
Kel Seliger
R-Amarillo
DC Board of Trustees
Southern Association of Colleges and Schools Commission On Colleges
Coordinating Board
Ate
Col Oacgalege
Odessa
0C Higher Education
Raymund Paredes
Texas
Paredes
Four Teens Arrested in Big Lots Armed Robbery
Odessa police and sheriff deputies arrested four teens after a Saturday armed robbery at Big Lots on Andrews Highway. The suspects Damon Bars 19 Devorjay Tinner 18 Michael Stoglin 18 and Ashton Kemmer 18 face first degree aggravated robbery charges. A car driver coordinated the robbery while one gun was fired but no injuries occurred. Surveillance linked the three robbers to masks bought earlier at CVS.
MENTIONED IN THIS ARTICLE
Odessa
Big Lots
Ector County
Andrews Highway
Ficers
CVS A
ECISD board reviews superintendent appraisal progress
After a nearly two hour closed session the Ector County ISD Board took no action on superintendent Tom Crowe evaluation. President Carol Gregg said a new evaluation instrument is being developed and Crowe will be evaluated again in the next weeks. Crowe earns 267,903 salary plus 7,500 vehicle allowance totaling 275,403. he came to ECISD about four years ago after a long career in Texas education.
MENTIONED IN THIS ARTICLE
Ector County Independent School District Board of Trustees
Carol Gregg
Tom Crowe
Gregg
Crowe
Mike Adkins
ECISD
Texas
Crash on West Dunn Street prompts DPS investigation
Texas Department of Public Safety troopers investigated a Tuesday collision between a small sedan and a full-size pickup on West Dunn Street near Moss Avenue. Both drivers were transported to the hospital and the cause remains under investigation by DPS.
MENTIONED IN THIS ARTICLE
Texas Department of Public Safety
West Dunn Street
Moss Avenue
DPS
Storm Hits Texas Refineries Trigger Benzene and Toluene Release
Pollutants escaped from Shell and Exxon refineries along the Texas coast as heavy rains damaged tanks. Shell reported 100 pounds each of benzene and toluene released from a Deer Park tank roof sank during the downpour. Exxon Baytown reported 15 pounds of benzene. EPA notes benzene carcinogenic, toluene less toxic.
MENTIONED IN THIS ARTICLE
Shell
Exxon
Texas
Dallas
Deer Park
Exxon Mobil Corp
Baytown
David Gray
Environmental Protection Agency
EPA
Also Mentioned on This Page
Permian Basin Workforce Development Board
ORMC
Texas Legislature Online
Coim
Tinyurl
OPD
N. Grandview
Hye Ae Elel One
Asa
Jacob Fordjodessa
THE
Associated Press
Furnitureland
Airsho.org
PrimeLending
Plains Capital Company
Brenda Worthen
PrineLending
PlansCay
Uberdiary Oferin
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!