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Marietta utility board faces $722,745 MEAG shortfall; members consider paying this year
Summary
The Board learned its portion of the MEAG year‑end settlement is a negative $722,745.19 and discussed options including paying the full amount in the current fiscal year or spreading payments over months; staff recommended considering a budget amendment and will return with proposals.
The Marietta Board of Lights and Water was told on April 6 that its share of a year‑end settlement from MEAG totals a negative $722,745.19, creating an unexpected deficit that the board will need to address in the coming budget process.
"Our portion of the year end settlement, negative year end settlement, is $722,745.19," the general manager reported, and said MEAG suggested a monthly repayment schedule of $72,274.52…
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