many municipal water systems contain alot of carbon dioxide. carbon dioxide is only water-soluble, when pressure is maintained .. as in the pipes which transfer water through your house. this CO2 is in equillibrium with carbonic acid ... which will lower your pH. when the water is discharged from the pipes, the pressure is released and the solubility of CO2 diminishes. the CO2 degasses to the atmosphere and the result is a higher pH as the system equillibrates to a 'normal' pH.
why? Carbon dioxide dissolves slightly in water to form a weak acid called carbonic acid, H2CO3, according to the following reaction: CO2 + H2O --> H2CO3. After that, carbonic acid reacts slightly and reversibly in water to form a hydronium cation, H3O+, and the bicarbonate ion, HCO3-, according to the following reaction: H2CO3 + H2O --> HCO3- + H3O+
the carbonate discussed above (measured as kH) acts as a 'buffer' which reacts with any 'acids' in your water to neutralize them. when you add chemicals, you're really adding acidic buffers (usually phosphate ... these cause major algae blooms) which cannot work to effectively lower your ph since they are 'used up' by the carbonate.
all that said .. there's nothing wrong with a pH of 8.6. many fish actually thrive in such conditions.