Fresh off the City Council's passage of Ogden City's bassackwards new water rates scheme, which effectively penalizes water conservation, and rewards the biggest water users with discounted rates, the Standard-Examiner reports this morning that the city council has taken action to jump-start the process. Here's the lede:
OGDEN — A month after raising water rates to pay for needed infrastructure improvements, the city is moving around some money to begin one of the improvements early.Read Mr. Shaw's full writeup here:
On Tuesday night the city council approved a resolution that will allow the city to borrow $1 million from the sewer fund and lend it to the water fund in order to expedite the construction of a new water treatment plant.
Regarding the whole concept of transferring a cool mil to the water fund, which is already flush with cash, Gentle Reader Dan S. hits the nail on the head, we believe:
Mr. Moffett is incorrect. The loan is not necessary because the water fund has a $6 million cash balance that it could easily tap into for the design work. But bureaucrats always prefer to do things the most complicated possible way, it seems.Hold onto your wallets, Ogden City lumpencitizens. Consider this a mere warm-up for the bigger decision over the council's upcoming $13 million bond, whereby the interest rate will be higher, the payment period will be 15 times longer, and it won't just be another city fund making money off the council's mind-boggling ineptitude.
Comments, anyone?
