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IS IT TRUE July 9, 2013
IS IT TRUE the Evansville City Council made a move by unanimous vote last night to approve issuing $45.3 Million worth of bonds to pay for the stripped down Johnson Controls deal that former Mayor Weinzapfel shoved down the public’s throat during the last weeks of his time in office?…this stripped down version will replace some 47,000 water meters or substantially every working water meter in the City of Evansville?…it is of course claimed that there will be no rate increase required to pay for this and that the entire cost of $45.3 Million plus about $10 Million more in profits will be generated over 20 years through more accurate measurements?…in the same briefing Allen Mounts, the head of the Department of Water and Sewer also stated that water rates will be increasing by a “realistic” average of 7% per year over the next 10 years?…a 7% rate increase compounded annually over 10 years will yield an overall doubling of the amount of money paid for the same amount of water that one is using right now?…in the scenario laid out and bought into last night by every last member of the Evansville City Council over the next 10 years the water rates will double but it won’t be due to the Johnson Controls deal which is assumed to save money by measuring use better?…with such a planned rate increase in place it will be virtually impossible to know if the meter readers actually saved a dime or not?
IS IT TRUE if you are now paying $45 per month you will be paying $90 per month in 10 years due to a rate increase?…if the Johnson meters really do read higher numbers as advertised you will be paying for more water as well because the entire premise behind this Johnson Controls deal is that the people of Evansville have been using some free water because the old meters are inaccurate?…if you do the math by dividing the $55 Million is savings due to better measurement and divide that by the number of years and the number of meters the average projected increase is about $5 per month per meter?…the people of Evansville had better strap the saddle on and prepare themselves for $100 per month water bills in the not too distant future?…this is without any charge for servicing the forthcoming bond issue of between $545 Million and $830 Million to repair the dilapidated sewer system?…when the EPA mandates are repaired as they should have been first Evansville residents can budget to spend between $150 and $200 per month for water and sewer?…if the raunchy porous delivery system (old pipes) is ever replaced that will cost an additional $500 Million bringing local water bills into the $250 per month range?…this combination of necessary improvements caused by 50+ years of blatant neglect will make water more expensive for Evansville households than electricity is?
IS IT TRUE while the sewers and pipes have to be fixed to even maintain any semblance of being a city at all the meters could have and should have waited until after the rest of the work was completed?…putting new $1,000 water meters on the end of pipes that are so decrepit that the City of Evansville has to open the fireplugs at times to keep the pipes working?…we wonder if what the City Council bought hook line and sinker about bad measurement is really due to leaks in the distribution lines instead of bad meter readings at the user level?…this scheme may just be a way to bill the ratepayers for inefficiencies and leaks in the distribution system that the City of Evansville has sat by and let go to hell in a hand basket?…the final insult from last night’s vote is that the unanimous vote of the City Council to borrow $45.3 Million to buy something that is not needed came before the McGladrie Study was released and the 2012 Audit was completed?…our city leaders do not even have the accounts reconciled and are borrowing money as Will Rogers would say “to buy things they don’t need with money we don’ have”?…this is a sad day in River City?