Quote:
Originally Posted by twoplanekid
Wildwood Utility Dependent District purchased the utility systems from the developer.
While being in the public interest, sometimes the purchase price means that rates may go up to fund the purchase. Was the entity sold at a fair price, I am on the NSCUDD not the WUDD board so I will not comment.
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There is the answer, the Utility overpaid when purchasing the assets. Someone has to pay for that mistake, and that someone is collectively the customers of the utility.