Atlanta Journal-Constitution’s Post

As Atlanta faces the daunting and expensive task of updating its aging water system, a new influx of cash is coming to help — and it’s from a surprising source. In mid-June, days after a crippling series of water main breaks became national news, the City Council approved an amendment to an ordinance which freed up $177 million from what is essentially a savings account for the City of Atlanta Department of Watershed Management. The accounting maneuver to tap the bond reserve fund comes with some potential risk, but it will boost the department’s budget by nearly a quarter and comes amid new urgency to find money to improve Atlanta’s water system. More: https://lnkd.in/evNhj6gD

Thomas Porter

Highly Accomplished Accounting Professional and Cost Accountant at American Cast Iron Pipe Company

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