The financial health of Boulder City continues to recover from the Great Recession and decisions made by the City Council in the past. Revenues to the City have increased by 25% over the past few years with millions of dollars of new revenue. Additional millions will be received from new and existing solar leases.
The diversion of funds from the Capital Improvement Fund is unnecessary if the revenues being received are directed to improving our existing City and not pursuing “leap-frog” growth. Extending utilities far beyond our existing town is expensive and denies the improvements and repairs that have been put off for years.
The shocking increases in utility rates recently imposed are beyond what is reasonable to provide the work needed in our town. The excess funds will be used to finance projects that do not benefit Boulder City residents.