Water Utility seeks answers after $6M shortfall discovered
The Madison Water Utility’s revenue fell $6 million short in 2017, causing the utility to now look at selling off property and delaying capital projects to make up for the unexpected loss.
The water utility’s board is looking into the utility’s financials, according to a story in the Wisconsin State Journal, though a utility spokesperson said there was no mismanagement of funds.
In the fall of 2017 — months before the deficit was discovered — the utility requested a 26% rate increase from the state’s Public Service Commission to respond to decreasing revenues. Since then, that number has been updated to a 32% rate increase to better cover the debt service on the utility’s previous capital projects.
Meanwhile, channel3000.com reported that a water utility worker reported being harassed by a customer upset over projected increases.