Placerville Ratepayers Getting Hosed Paying 4x More for Water
The City of Placerville pays EID the equivalent of just $130 per city residential water customer annually for EID fully-treated water...less than $22 bi-monthly. So Placerville water ratepayers should grill the City as to why the $75.26 they already pay bi-monthly...PLUS that 10% sales-tax subsidy...combined already is nearly FOUR times what the City pays EID.
The City's mark-up in rates is far more than costs for meter reading and maintenance that Councilman Hagan attempts to use as justification for four-fold rate differences. Of huge materiality, City officials clandestinely negotiated a cost of service principle-violating 100% crediting of property tax revenues from EID Directors Bill George and George Osborne...a bad deal for EID ratepayers who are left to pay 100% of non-recovered costs for Project 184 (which Placerville relies on heavily for its water), Sly Park recreation, and subsidies for 94% discounted Agriculture water rates.
Yet even with the illicit extra property tax credits from EID, City officials take that several hundred thousand dollars of extra money...plus the 10% sales tax subsidy...and still further plunder the City's 2,800 water ratepayers with rates nearly FOUR times the cost of the treated water itself. For different reasons, it's a bad deal for both City and EID water ratepayers.”