Information from WYSH Radio
The Oliver Springs Town Council met Thursday night in regular session and then held a budget workshop. Our partners at BBB-TV report that the main topic at the workshop was how much of an increase in water and sewer rates will be necessary to offset a projected shortfall of almost $248,000 in the city’s Water and Sewer Department.
The city has already borrowed some $2.5 million to pay for repairs to the city’s aging sewer plant as mandated by the Tennessee Department of Environment and Conservation, and repaying that loan led to much of the projected shortfall.
During the workshop, officials seemed to indicate that a 15 percent hike will be needed this year, but that will not be enough to meet future needs. Keeping the city’s Water and Sewer department going could require 2 percent to 3 percent rate hikes each year for the next several years.
No votes were taken during Thursday’s work session. The Oliver Springs Water Board will meet again on June 4 and could take some action at that time.
