Wednesday, June 8, 2011

More Bad News from the CFPUA

 StarNews:
Next year's budget is about $14 million larger despite the authority's operating budget of $37 million being slightly less than last year. The increase comes from more debt service, said Cheryl Spivey, the authority's chief financial officer. Debt service on bonds has increased to $25.5 million compared to last year's $20.3 million. (Which still doesn't account for the $14M difference)

[...][C]ustomers decreased their water consumption levels in fiscal year 2010 by nearly 11 percent below 2009 levels.

[...]A 14 percent, or $220,000, increase in health insurance, a mandated increase amounting to more than $60,000 in retirement and almost $100,000 in property and liability insurance were also included in the budget proposal.

No comments:

Post a Comment