Madison Water Utility addresses $2.1 million shortfall in 2018
MADISON, Wis. — The Madison Water Utility is addressing a $2.1 million budget shortfall in 2018. This comes after a $6 million shortfall in 2017.
Officials with MWU said this year’s latest budget woes are at least partly due to a rate increase taking more than a year to be approved.
“Everything that we do, all of our operations, all of our construction, is funded through rates,” public information officer for MWU, Amy Barrilleaux, said. “So when we had this big delay in the PSC approval for our revenue increase, that affected our operations and budget for 2018.”
The increases only took effect in November, about 16 months after they were initially submitted. Barrilleaux said MWU cut an additional $1.6 million from its budget to help address the shortfall, but some expenses couldn’t be avoided.
The costs will be covered through a bond sale in December.
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