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It’s a pretty good bet that customers of the Hannibal Board of Public Works will be seeing their water and sewer rates go up in the not-too-distant future. The only question is: How much?
At Wednesday’s meeting of the BPW Board, Bob Stevenson, general manager of the BPW, suggested an 8 percent increase. However, on Friday Stevenson stressed that figure is not set in stone.
“That’s higher than I’d like to ask for,” he said. “The board may decide to cut some operating things and maybe go with a 5 percent rate increase. But 5 percent will not help us get healthy.”
Healthy? Based on Stevenson’s comments, in medical terms the BPW’s water department fund is on life support while reserves in the sewer fund could be termed as being in serious condition.
“The water department is in desperate financial shape. There’s no cash in the bank,” said Stevenson. “The sewer department has some cash reserves, but not enough to meet our prudent targets in a year or two.”
For additional details, see the Saturday, March 19, edition of the Courier-Post.
It’s a pretty good bet that customers of the Hannibal Board of Public Works will be seeing their water and sewer rates go up in the not-too-distant future. The only question is: How much?
At Wednesday’s meeting of the BPW Board, Bob Stevenson, general manager of the BPW, suggested an 8 percent increase. However, on Friday Stevenson stressed that figure is not set in stone.
“That’s higher than I’d like to ask for,” he said. “The board may decide to cut some operating things and maybe go with a 5 percent rate increase. But 5 percent will not help us get healthy.”
Healthy? Based on Stevenson’s comments, in medical terms the BPW’s water department fund is on life support while reserves in the sewer fund could be termed as being in serious condition.
“The water department is in desperate financial shape. There’s no cash in the bank,” said Stevenson. “The sewer department has some cash reserves, but not enough to meet our prudent targets in a year or two.”
For additional details, see the Saturday, March 19, edition of the Courier-Post.
