Thursday, February 27, 2014

Water Utility In Colorado Hikes Rates In Wake Of Alleged $500K Embezzlement

From KKTV 11 on 2/26/14:

Some local water customers are about to see a big jump in their monthly bills.

Homeowners in Cascade will now have to pay an extra $25 each month. This all stems from an alleged embezzlement case involving a former board member.

The board passed the increase unanimously, but before doing so, wanted to make it clear that they were only raising the rates until the debt of the alleged embezzlement was paid back.

In Tuesday’s standing room only meeting, Cascade homeowners questioned the board of commissioners and expressed a lot of concerns about the future of their water usage. Cascade Metro Service provides water to homeowners in the area.

A former board member is accused of embezzling close to $500,000 from a grant used to pay Colorado Springs Utilities. CSU provides water treatment for the town; Cascade is now in debt for that amount.

Read the whole story here.

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