Why water is so profitable ...
Buried in the Notes to the Financial Statements in the Toowoomba City Council's 2004/5 Annual Report are the following figures:
Water Services:
Revenue - $21,945,000
Expenses - $12,475,000
Net - $9,470,000
(A profit margin of 43%)
Wastewater services:
Revenue - $18,057,000
Expenses: $8,269,000
Net: $9,788,000
(A profit margin of 54%)
These two functions of the Toowoomba City Council are their most profitable earners.
Wastewater services relates to the disposal of wastewater.
Imagine if, instead of discharging that wastewater into Gowrie Creek, you could pipe it back to the residents of Toowoomba (via Cooby Dam) and charge them for the privilege.
Not only do you earn money for taking the wastewater from them, you earn more money by selling the treated wastewater back to them for drinking and yet more money for taking that wastewater from them.
It's a profitable little monopoly which will allow the Council to spend up big on other projects ...
posted by Concerned Ratepayer at 7:19 AM
1 Comments:
So in other words, we will end up drinking and paying for water we have already used. That's pretty sick when you think about it. 100000+ people drinking water knowing they will be drinking it again later....
May as well just drink your own piss, and tell the TCC to stick their rates.
Are we really that desperate we need to drink sewage? We have have a third world mayor for 1st class city, it's time she went.
8:57 PM, April 30, 2006
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