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Audit underscores necessity for recent electric rate hike

The City of Gallatin Electric Fund shows a $180,000 loss with $116,000 in depreciation

One message resounded above all others during the presentation of the City of Gallatin’s annual audit by R. Scott Stephens, CPA from Chillicothe, at last Monday’s meeting of Gallatin’s aldermen. For 2005, the city’s electric fund – traditionally the revenue source for this municipality — did not show a profit for the first time in at

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