CCA money · City
Palm Springs
Member of Desert Community Energy since 2020-04 — source.
All Palm Springs City Council meetings.
Read from the councils' own documents — check the source. Each figure was copied from a staff report, budget, financial statement or set of minutes, by a person or by a language model whose quote had to be found word for word in the document. Every figure links to the passage it came from; the city's original file is the official record. Updated 2026-10-20.
4figures
Loans, collateral and repayments
| Date | CCA | Kind | Figure | What it is | Source |
|---|---|---|---|---|---|
| 2023-12-14 | Desert Community Energy | Collateral | $ 25 MILLION city backs · approved / budgeted | Palm Springs council approved an unconditional guaranty, capped at $25 million, of Desert Community Energy's electricity procurement obligations under its agreement with The Energy Authority, Inc., on December 14, 2023. | passage · city original |
| 2022-06-16 | Desert Community Energy | Collateral | $13,000,000 city backs · estimate / proposal | Palm Springs council is asked to guarantee Desert Community Energy's expanded River City Bank credit line, up to $13,000,000, up from $8,000,000, liable upon DCE default. | passage · city original |
| 2022-01-27 | Desert Community Energy | Collateral | $8,000,000 city backs · estimate / proposal | Palm Springs would unconditionally guarantee up to $8,000,000 of a River City Bank revolving credit line for Desert Community Energy's working capital, liable if DCE defaults. | passage · city original |
Utility users tax and franchise fees
| Date | CCA | Figure | What it is | Source |
|---|---|---|---|---|
| 2026-02-25 | Desert Community Energy | 9% city receives · actual / audited | Palm Springs' utility users tax revenue fell 9% (about $0.5 million) in the first half of FY26 versus FY25, partly due to lower payments from Desert Community Energy. | passage · city original |