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October 22, 2014, 1:22 am
970 WMAY News

CWLP Proposes Lower Budget, Says Ratepayers Profit From Utility Investments


City Water Light and Power’s proposed budget for the coming year is 1.5 percent less than its current budget.

 

Some Springfield aldermen are wondering what’s the payoff for city ratepayers from the reduction in spending. Chief utilities engineer Eric Hobbie says the payoff comes in the form of a stable utility that has a financial cushion to deal with unexpected situations.

 

Most of this year’s savings comes in the water fund… as CWLP winds down an extensive waterworks improvement program.

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