Published: May 30, 2013 5:18 PM EDT
Updated: May 30, 2013 5:38 PM EDT

CAPE CORAL, Fla. - More than a million of your dollars are going to buy new water meters in Cape Coral. The city says some meters are so old, they aren't reading your water bill properly.

Over a year, the city has seen in increase in damaged and broken meters. In some cases, they aren't working at all. 

"When meters get to about 8 to 15 years old, they start losing their ability to accurately pick up the water that's being used," said Utilities Director Jeff Pearson.

Some water meters are more than a decade old. Homeowner Carl Dileo would know. "The house was built in 1965 and the meter is still there! Since 1965," he said. 

Pearson says the city is using more than a million dollars from its annual operating budget to replace the old manually read meters with radio equipped ones. Pearson says the ability to read a meter by radio frequency is cheaper than doing it manually.

"There are a few things that are old and they need to be replaced," said Cape Coral resident Madeline Tilley.

Over the next few years, the city also anticipates ramping up water meter purchases to accommodate new utility customers, thanks to the city's utility's expansion project. 

As for the old meters, Pearson says 99.9 percent of the time, they aren't charging customers enough. When that happens, he says it hurts the city, and ratepayers. 

Last year the city installed or replaced more than 2,200 water meters. The city eventually hopes to start a water meter replacement program, that would switch all meters to radio-read meters.