The debt of the Talkeetna water and sewage system is significantly higher than previously reported. On July 12th, KTNA reported, after the Sewer and Water Advisory Board meeting, that the debt owed to the Mat-Su Borough for shortfalls in operating expenses was around $300,000. At the meeting this Wednesday, Board chair Karen Schapansky said that the number is closer to $500,000, in addition to $160,000 borrowed from the Borough’s “revolving loan” process.
As a result of the consistent deficit of the sewer and water system, Borough Mayor Larry DeVilbiss plans to ask for a 10% rate increase for customers of the borough-run utility. A borough memorandum indicates that the ordinance will be introduced at the August 6th Assembly meeting. (more…)