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Tuesday, April 24, 2007

Counting Chickens Before the Rates Increase

Monday night the Madison City Commission gave first reading to an ordinance to raise city electric rates 5%. Naturally, when I first read about this in MDL (print edition only, alas), I had to ask, what happened to the $100,000 surplus the city had in its electric fund that the city wanted to donate to the school district? Those seemed some logical dots to connect, but MDL didn't follow up.

Enter KJAM Radio, dot-connector of the day:
The 100-thousand dollars that was not transferred from the city to the school for electrical upgrades during the April 10th elections, will be used to help counteract the rate increase that is being passed down from Heartland in lieu of the cost of rebuilding from the storms that that downed portions of Heartland’s systems.
Tonight's moral -- take your pick!
  1. Hang onto your unexpected surpluses (surpli?) to cushion yourself for unexpected expenses. Or--
  2. Spend your extra money now, before some contingency gobbles it up!

1 comment:

  1. I've been wondering why there were no letters to the editor about the complete idiocy of this issue. First the city says they have a surplus in their electric fund and wants to donate some of it to the school. Then even before the election to decide this issue the paper runs an article that electric rates are going to be raised. Duh???

    I didn't think it stood a chance of passsing anyway as the good people of the city won't even support a Project Round-Up that would cost at most $11.88 a year and at least $.12 a year. We live in the country and signed up for our coop's Operation Round-Up the minute it was offered; it's a wonderful program.

    If the city residents won't even support such a program, they certainly wouldn't support giving $100,000 to the school.

    The way this whole issue has been handled and reported is so pathetic that it's actually funny.

    ReplyDelete

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