City Water Profits Set to Retire Debt
Colville’s public water utility expects to pay off its infrastructure bonds in just four years as user fees hit a record high.
The Colville city water system for the month of October received $495.25, $430.75 of which was receipts from users of water, and $64.50 for taps made by the superintendent for new customers. Superintendent J. M. Williams states that November will pass the $500 mark, which will equal $6,000 per year. At this rate the water bonds can be retired within four years.
“At this rate the water bonds can be retired within four years.”
Public utility management remains a cornerstone of municipal finance, though the scale of these figures illustrates just how much the cost of infrastructure—and the currency itself—has shifted over the last century.
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