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Caney eliminates water account deposit, sets $30 start fee
Summary
The council voted 4-0 to eliminate the security deposit for new city water accounts and replace it with a $30 start fee because deposited funds in the bank were not generating the needed returns to cover payouts.
On July 20 the Caney City Council approved eliminating the water deposit requirement for new city water accounts and replacing it with a $30 start fee.
Staff explained that money held in deposit accounts was not earning sufficient interest to cover payouts to deposit holders, prompting the recommendation to move to a fixed $30 start fee. Council President Jeff Culver moved the measure, seconded by Council Member Becky Dye, and the motion carried 4-0.
The change will alter the customer-startup cost for new accounts; staff will implement updated billing procedures accordingly.
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