Water and Sewer Board member, Willis Peligian, conducted a training for three hours this morning on the financial model that he has created to plan rate increases for the water and sewer rates. It is an extremely sophisticated spreadsheet that allows one to manipulate the assumptions and quickly see the long term results.
W&S will hold a hearing at 7 PM on 4/3 in the Chennery Meeting Room at the Town House to discuss its proposed rate increases, at which time the model will undoubtedly be used to explain the need for the rate increases.
Willis just finished creating the model, and is giving it to the town. It is the sort of model that all town departments should use, based on what I saw this morning.
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