Kiss Drops a Bombshell

Coldstream Councillor Gyula Kiss has something important to say re the Master Water Plan.

Everyone on the North Okanagan's Greater Vernon Water system has been overcharged $6.5 million per year. 

His quote should raise the hackles of everyone in the North Okanagan on the Greater Vernon Water system.

How come we collected $68 million for Master Water Plan infrastructure when the approved borrowing was for $35 million and the cost of the borrowed money to date is only about $15 million?

 That is an average overcharge of over $6.5 million per year.

 $6.5 million could have financed an additional $90 million borrowing.

That was direct cash out of the customers' pockets.

No future customer will contribute to that $53 million collected from us beyond the approved borrowing.

At blog publish date, the Agenda wasn't posted yet to RDNO's website...but the July 3rd Agenda may be clickable now here...so check the date.

If (when) access to the July 3rd Agenda is linked, view pages 7 through 13 dealing with the Fall borrowing referendum and the "communication strategy" that will be implemented immediately to convince people to vote Yes.

And even THIS link for the Master Water Plan is being revised soon.

"So, who will hold GVW to task for gouging us?
And who at GVW will reply?" asks Kia.
 
Since price gouging presumably isn't illegal, perhaps we should ask whether lying to the electorate is.

The illegal department...