So $193.7M of debt plus all of the water and sewer bills collected is decades of neglect? Where was this money spent? I don’t understand how the two paragraphs below reconcile.
“The city continues to rebuild its infrastructure after decades of neglect, they said, and though progress has been made, hundreds of millions of dollars of work remains to be done.
“As of December 2017, the city’s outstanding debt was $243.2 million, Hopkins said. Of that, $49.5 million is general-fund debt, while the other $193.7 million is water, sewer or stormwater debt.”