MEAG money needed to fill WG&L budget hole -, Albany News, Weather, Sports

MEAG money needed to fill WG&L budget hole

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By Jim Wallace - bio | email

ALBANY, GA (WALB) -Despite a recent rate increase, the Albany Water Gas and Light Commission's budget is nearly $3.5 million short.

Mayor Willie Adams hopes millions of dollars coming from MEAG trusts will help balance the budget.

Most of the shortfall is because of the high cost of electricity. Board members were told the first check for $725,000 from the Muncipal Electric Authority of Georgia trusts

should arrive Friday. Albany expects to get $80 million over the next ten years.

WG&L Board Chairman Mayor Willie Adams said  "I think basically as a city we have been very blessed to have access to these funds."

Mayor Adams says now the plan is for one third of the money to go to Water Gas and Light, one third to the City of Albany, and a committee of WG&L board members and city officials to decide where the other third is needed most.