OPINION: Effluent Projects Costs Balloon to $78 Million
The day after the election, the IVGID Board of Trustees will be presented with a staggering increase in estimated costs for the Effluent Pipeline and three related projects. The new estimate is $78,700,000. Originally, the estimate was $23,000,000. The Pipeline Project alone has increased $21,700,000 over the estimate provided in March, a mere 8 months ago. How will this be financed? Who knows. Sewer rates to customers will have to increase dramatically. Besides the cost increase, interest rates have shot up. In 2013, rates were raised with the promise that $2 million a year would be reserved for the pipeline. … Continue reading →









