Albany will get $$$ from MEAG - WALB.com, Albany News, Weather, Sports

Albany will get $$$ from MEAG

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • 17-year-old charged in shooting

    17-year-old charged in shooting

    Saturday, August 23 2014 11:00 AM EDT2014-08-23 15:00:11 GMT
    Source: WTOCSource: WTOC
    Savannah-Chatham Metropolitan Police have charged a youth arrested in Garden City with the shooting of a Savannah man during a robbery Aug. 3.

    More >>
    Savannah-Chatham Metropolitan Police have charged a youth arrested in Garden City with the shooting of a Savannah man during a robbery Aug. 3.

    More >>
  • Streets of Ferguson stay calm after violent nights

    Streets of Ferguson stay calm after violent nights

    Streets of Ferguson stay calm after violent nights

    Saturday, August 23 2014 11:00 AM EDT2014-08-23 15:00:11 GMT
    (AP Photo/Jeff Roberson). Protesters march Thursday, Aug. 21, 2014, in Ferguson, Mo.(AP Photo/Jeff Roberson). Protesters march Thursday, Aug. 21, 2014, in Ferguson, Mo.
    Ferguson's streets were peaceful for a third night as tensions between police and protesters continued to subside after nights of violence and unrest erupted when a white police officer fatally shot an unarmed black 18-year-old.A small stream of protesters marched in the St. Louis suburb as night fell Friday.More >>
    Ferguson's streets were peaceful for a third night as tensions between police and protesters continued to subside after nights of violence and unrest erupted when a white police officer fatally shot an unarmed black 18-year-old.A small stream of protesters marched in the St. Louis suburb as night fell Friday.More >>
  • Albany fire investigating house fire as arson

    Albany fire investigating house fire as arson

    Albany fire investigating house fire as arson

    Saturday, August 23 2014 10:21 AM EDT2014-08-23 14:21:32 GMT
    604 West Gordon Avenue House Fire604 West Gordon Avenue House Fire
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>

By Karen Cohilas - bio | email

February  3, 2009

ALBANY, GA (WALB) - Albany leaders decide how to divide millions of dollars they'll get back from the Municipal Electric Authority of Georgia.   Exactly how they'll spend the money they'll decide later.

Tuesday, City commissioners decided to keep a third for the city, give Water Gas and Light a third, and put a third in reserves.

The credits will start at the end of this month and will total about nine million dollars a year for the next ten years.

"We felt like over a period of 10 years, if you get $3 Million a year, that's $30 Million, so there's a lot of things you can do with $30 Million over a period of time," said City Commissioner Tommie Postell.

A joint committee from the city and WG&L came up with the plan. Since the money will actually come in the form of credits, Water, gas and light will have to write a check to the city, the reserve trust fund, and its own investment account.

Feedback