Definitely check in with the utility before mucking with the meter. You can find your way into a lot of trouble tampering with active meters. Chances are there's new meter tech out your utility would install, and of which you could take advantage.
Check this thread. https://community.home-assistant.io/t/smart-water-meter/451935 . You'd install it down flow of your utility meter, and would need ESP32 to read the meter. It's a bit of work, but if you're already running ESPHome, it looks pretty straightforward.
On a long shot, you might consider looking into an inexpensively RTL-SDR software radio dongle, and use rtl_433 to scan a few common frequencies the utilities use to scan their meters from the street. I happened to find my neighbor's electrical meter on a common wireless weather station frequency, and if In were so inclined, could publish it to MQTT for HA to pick up.