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Councilors press finance on water billing problems after $258,000 enterprise shortfall
Summary
Councilors raised alarms about water and sewer billing delays and software errors that left the water enterprise with a retained-earnings deficit and a $258,004.91 shortfall to be covered by the general fund; finance said it hired a consultant and will revisit rates in spring.
Councilors at the Dec. 9 Peabody City Council meeting pressed finance staff for explanations after the water and sewer enterprise showed a retained-earnings deficit and an approximate $258,004.91 shortfall once debt service was factored in.
Councilor Turco described billing anomalies and customer complaints, saying a resident recently received an $8,000 erroneous bill and noting that many meters had not been read on a…
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