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Last updated on Monday, September 24, 2018
(OOLITIC) - The Oolitic Town Council will vote tonight on possibly increasing the town’s water rates.
The meeting will be held at The Town Hall at 5:30 p.m.
Financial Solutions Group prepared a study and analysis of the financial reports, budgets and other data pertaining to Oolitic's Municipal Water Utility.
The purpose of the report was to estimate the Utility's cash flow and financial capacity to meet its ongoing revenue requirements for operation, maintenance, as well as to improve the town's system.
At the conclusion of their study, the group recommended officials increase the water rates by 42 percent.
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