The Putnam Public Service District’s current water and sewer service rates are not generating sufficient revenue to meet ongoing costs of operation, debt service, and mandated reserve requirements. The PSD Board addressed the projected shortfalls on August 8 at a meeting in which it held the first reading of a resolution to increase water rates 13.4% and sewer rates by 7%. The resolutions call for the increases to be implemented in a two-step process.

If…