How much will Aquastar cost? Are Cary property taxes being used to fund the system?
The capital budget for the project is 17.9 million. Over the life of the project, the Town is expected to save $27.5 million, which will keep utility rates low for all customers. No tax dollars will be used to fund this utility project.
The savings will be derived from the immediate elimination of 10 positions and the vehicles that are currently assigned to read meters. And over the next 17 years, it will eliminate the need to hire 6 additional meter readers to accommodate expected utility system growth. Due to the fact that drive by systems still require staff, vehicles and the installation of new meters and radios -- without providing the advantages of a fixed network system -- a drive by option was not deemed a prudent long-term solution for Cary.