An elected governmental board of directors, whether unpaid or paid, has an obligation to act in accordance with the expressed wishes of the public. At the recent PSWID budget/rate hearing, person after person quietly and respectfully expressed reasons why the PSWID proposed budget and water rates should not be adopted. With little regard for the public statements, the PSWID board voted to adopt the proposed budget. PSWID water users and taxpayers having no other choice will tighten their belts and pay the higher taxes and water rates.
However, PSWID water users and taxpayers should not lose sight of the $7.5 million bond that is included in the approved budget. This bond would just about double the water district’s debt to $15 million. PSWID, by its own admission, has no idea of how much this bond will cost, what the interest would be, etc. They have not made clear whether property taxes or water revenue will be used to pay the bond. They have not explained exactly how this money will be spent. In my opinion, they have approved the bond with no plan in place. With this approval, we, the taxpayers and water users, are left dangling with no idea of how future water rates and property taxes will be affected.
Before doubling debt to $15 million, PSWID must have a plan that is fully explained to the public. Most importantly, they must ask the public to agree to accept the additional debt.
Bernice E. Winandy