Purpose Of Water And Sewer Increase, To Create Contingency Fund
By Linda Farneth
State and Federal mandates require localities to manage their money wisely. One such requirement is the mandate to have an amount equal to 20% of the yearly operating budget/cost, set aside in a contingency fund for water and sewer.
A few weeks ago Colonial Beach Town Manager Quinn Robertson proposed a significant increase to water and sewer rates.
Robertson discussed the proposed water and sewer increase…