The City of Plano uses homeowners to make a HUGE profit on water. Plano buys water from the North Texas Municipal Water District (NTMWD) at “wholesale” prices and sells it to Plano taxpayers at “retail” prices. According to page 57 of the 2018/2019 City Managers Recommended Budget, selling residents water at retail prices generates millions of dollars in profit every year. The city transfers the profits to multiple funds. The fund that gets most of the profits is the General Fund. In the fiscal year of 2015/2016 the city transferred over 17 million to the General fund. In 2017/2018 the city is estimating to put over 17 million in the General fund. For 2018/2019 the city is projecting to put over 18 million in the General. All of this money is from water/sewer profits.
Other cities don't make a profit on water. Plano does not do anything to the water to clean it or make it taste better. The water taste terrible. Residents complain that the water makes them and their pets sick during the months the NTMWD choline burns the pipes. Residents also say the water causes skin problems during that time. So why do they need to overcharge residents for water? Plano also got a rebate of 2-4 million dollars form NTMWD. The city did not pass that rebate on to the people who actually paid for the horrible water.
So what does the city do with the large windfall it makes off of water? Well, one year, the city used this profit to cover a $12,000,000 renovation of West Plano's sewer lift. Now, I know what you're thinking. Doesn't the city have to pay for sewer lift upgrades? This would be correct, however the only reason the lift needed upgrading was because of a certain development we didn't want; Legacy West. The city should have billed the developer of Legacy West, instead of using the Plano citizens' money. Instead of using the money, the city made by gouging the residents, to lower Property Taxes to the effective tax rate (which would take $12,000,000), the city saved a wealthy developer, $12,000,000. So while you are wondering how you are going to pay for a higher tax bill in January, the city is raking in the money from your water bill and giving it to wealthy corporations and developers. This is something I would expect from politicians in DC. Since our local politicians and bureaucrats behaves like those in Washington DC, perhaps we should change the name of Plano to Washington DP (District of Plano.)
This is Plano's Political Pit Bull Signing off.
To read the budget for yourself go to http://plano.gov/DocumentCenter/View/32268/2018-19-CITY-MANAGERS-REC-BUDGET?bidId=