U.S. Border Patrol Seizes $290K of Narcotics, Conducts Rescue, and Arrests Two Sex Offenders over Holiday Weekend

IMPERIAL COUNTY, Calif. A busy Memorial Day weekend for U.S. Border Patrol resulted in the rescue of a distressed mountain hiker, two separate narcotic seizures worth more than $290,000, and the arrests of two illegal aliens convicted of felony sex offenses.

Fitch Rates Imperial Irrigation District

CA’s Electric System Revs ‘A+'; Outlook Stable

–(http://www.businesswire.com/)–Fitch Ratings assigns the following rating to the Imperial Irrigation District, CA’s (IID) bonds:

–$78,065,000 electric system refunding revenue bonds, series 2011B ‘A+’.

The bonds are structured as fixed-rate, level debt service with a final maturity in 2041. The bonds are expected to price during the week of June 6 in a negotiated sale. Proceeds will be used to refund outstanding commercial paper that funded construction costs related to the repowering of El Centro, to pay costs of issuance, and to fund a debt service reserve fund. The debt service reserve fund for the series 2011B bonds will be funded at 50% of maximum annual debt service.

California’s Unemployment Rate

By Mario Conde

New numbers released last week by the State of California show the unemployment rate decreased to 11.9 percent in April, and nonfarm payroll jobs increased by 8,900 during the month, according to data released by the California Employment Development Department from two separate surveys.

In March, the state’s unemployment rate was 12.0 percent, and in April 2010, the unemployment rate was 12.4 percent. The unemployment rate is derived from a federal survey of 5,500 California households.