News sources reported that Dean Storey, Kaysville finance director said we would need to raise electric rates 5-6 percent because of a $400,000 deficit in the power fund. Apparently, power expenses include $12.7 million in operation and maintenance. Improvements would be an additional $1.1 million, and another $550,000 in payment for property purchased for economic development.
I urge residents of Kaysville to not allow our city management to increase our electric rates. This is not because there is not sufficient income from the current rates to cover the operations of the electric company, it is to make payment on a piece of property that a previous city council (at the recommendation of the city manager) purchased to speculate with our money. This property has already lost property value since it was purchased. Why the city management wants to continue this by raising our electric rates to pay for a dead horse is beyond me. It is time we stop this speculation of our electric-company funds and use it only to pay for the operation of the electric company.
Since Mr. Storey had said that Kaysville hasn't used public power to pay for unrelated project for the last eight years, he has obviously just added that as a "line item" to be paid for out of electric money as "speculation" and expense for the electric company. This is not right, and what is more, he knows it!
I urge Kaysville residents to keep this in mind in the upcoming election and vote for candidates who have not been a party to using electric money funds for the speculation of purchasing property. One of the current city council people running for re-election voted for this "dead Horse;" the other current city councilman is guilty of calling and questioning a local business about allowing people to sign petitions in its establishment. Do we want these types of people on the city council? Think it over.