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I honestly don't know how the readings get reported - presumably manually at the moment. However, there is now technology to fully automate that process (note - I live in Chandler, not Tempe, but presumably this type of technology would get rolled out by other AZ cities/areas if it proves...

My water bill is metered and I get a monthly statement.

Is it typical in Britain that you only get a water meter statement every 6 months? Over here, I get a monthly bill/statement.