Betrayed by Coco
I campaigned for EID board member Dale Coco because I believed he would follow through on what he promised — that is to “focus on real solutions to the $370 million debt and stop runaway rate increases.”
However, Dr. Coco voted yes with the other directors while Alan Day and Greg Prada voted no on a shaky $1.5 million project with a 15 to 20-year break-even point. I feel let down. Dr. Coco’s reasoning: “You have to spend money to make money.” Meanwhile, ratepayers will continue to pay for this project for the next 15 to 20 years before it even gets close to break-even.
Director Coco has voted yes on virtually all spending proposals by EID while Day and Prada vote no. Coco has repeatedly defended EID management’s projections for millions of more debt spending. How will we pay for this spending and new debt? On the backs of us rate payers! Dale Coco — you call rate increases and more spending “real solutions” … well, I call it betrayal.
El Dorado Hills