Does the City of Grand Ledge make money from paid water bills?

As a public water provider, the City of Grand Ledge can only charge customers for the costs associated with providing water service, which means it cannot earn a profit. The City provides water and wastewater collection for more than 3,756 customers across approximately 4 square miles.

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1. Does the City of Grand Ledge make money from paid water bills?
2. Why does the City charge so much for water?
3. Don't my property taxes pay for water costs?