A proposed 20 percent increase in water rates is indeed untimely with people faced with job uncertainty and higher taxes at all levels.
The question arises as to why is such a large increase needed and why now? A review of the Town’s FY 2009 Operating Statements, on page 3, indicate that the water department had annual revenue from customers of $3,480,549 and net operating expenses of $3,132,711 resulting in a net favorable cash flow of $347,838 for the year. In addition, the water department had cash and investments on hand of $8,236,711.
It appears that Payson’s water department has money and is making money to meet current needs, so why is a 20 percent rate increase which would result in additional revenue of approximately $700,000 annually needed now?
Jim Hippel, co-chair
Bill Michaelis, co-chair
Citizens Awareness Committee