City officials, councilors approve $7.3M loan to bail our water-sewer deficit

ROCHESTER - After a lengthy public comment period that pilloried city leadership for failing to responsibly raise city water-sewer rates for five years leading to a $7.3 million dollar funding gap, the City Council unanimously voted to approve an installment loan to wipe out the deficit.A 10-year loan would cost the city some four or five million dollars in interest, but Rochester Finance Director Mark Sullivan said during Tuesday's City Council meeting that he hoped to have the loan paid off in...