50-Cent Fee Hike Possible for Wastewater Rates
January 25, 2010 |10:22 | News By : Team X
The Sacramento region's wastewater conveyance and treatment district will consider a 50-cent rate increase in March.
The move is aimed at raising enough revenue to remain in compliance with bond requirements, according to the district.
The board of directors for the Sacramento Regional County Sanitation District will discuss the issue at a March 24 public hearing.
If approved, the increase would take effect July 1 and boost rates to $20.25 from $19.75 per month for single-family homeowners.
Commercial customers and multifamily homeowners would face proportionate increases, the district stated.
The district sells bonds to finance major infrastructure improvement projects on behalf of customers. The bonds are repaid from a combination of customers' rates and impact fees from new development. With the dramatic decrease in development, the district has cut expenses by delaying or eliminating projects, paid off some debt early and turned to cash reserves. A rate increase would help close the gap, according to the district.
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