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Township faces $14 million shortfall to meet 25-year water/sewer asset plan, manager warns
Summary
Township staff told the Public Services Commission the water and sewer asset-management plan calls for roughly $30 million of work over 25 years while the township's current rate-and-bonding outlook provides about $16 million, creating an estimated $14 million funding gap.
Township staff told the Public Services Commission the water and sewer asset-management plan projects about $30 million of capital needs over the next 25 years and that existing rate structure and bonding capacity provide approximately $16 million toward that total — leaving an estimated shortfall of about $14 million.
Derek, township manager, summarized the figures and…
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