Officials report a number of external forces have led to financial woes for the city of Georgetown’s water system. Inflation has doubled the price of chemicals needed to treat water and the unanticipated interest hike over the last couple years has put the system in a tight spot. On top of that, two mistakes by outside firms cost the city more than $50 million.
Georgetown Mayor Tom Prather said the city worked with these firms before and vetted each to prove their qualifications.
