Clarification on $1 million availability for plant upgradeMayor Chris Even has clarified when the amount in the sewer fund is expected to reach $1,000,000.
In last week’s Citizen Herald it was reported that there currently is $1 million in the sewer fund. That is incorrect. However, the balance in the sewer fund is expected to reach $1 million or more by the time the wastewater treatment plant upgrade is completed in 2023.
Even said, “We currently have approximately $600,000 in the sewer fund. Because we started raising sewer rates five years ago in anticipation of the large capital cost that we would incur updating the wastewater treatment plant, our annual revenue currently exceeds our annual operational and debt expenses by $267,000. Additionally, all of our existing sewer debt will be paid off in two more years which will free up an additional $46,000 per year.
“This surplus revenue is available for capital improvement projects including the wastewater treatment plant upgrade,” Even explained. “I anticipate some of this surplus revenue will be used on other improvements within the sanitary sewer collection system over the next three years, but I expect to have well over $1,000,000 in the sewer fund before the wastewater treatment plant construction is completed three years from now.”
The Citizen Herald appreciates readers bringing errors or omissions to the attention of the newspaper for correction or clarification.
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