When you are a monopoly, does it matter what you do to take in revenues or spend money? Sure, there are budgets and audits and all that good stuff. But when you are a monopoly that is a government agency, why doesn’t anyone seem to mind what the agency is doing?
The Board of Commissioners of the Erie County Water Authority (ECWA) recently approved their annual budget, with operating expenses totaling more than $60 million. They approved a $10 million increase in the capital budget, requiring new borrowing of $10 million. The rate for water will increase by 3.9 percent for 540,000 customers in 2016. In other news, Christmas decorations are popping up everywhere and the Sabres are not very good, but are no longer tanking. Continue reading