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California City budget calls for 75% water rate hike

Posted by: Maven on June 8, 2009 at 6:32 am

From the Antelope Valley Press:

Water customers could be facing rate hikes of as much as 75% in another year under a budget outline presented to the City Council.

The proposed outline, approved by consensus of the council at its Tuesday meeting, is a requirement of the city’s application for a $5 million U.S. Department of Agriculture loan for water line replacement. The outline, with its proposed rate hikes to cover operating expenses, demonstrates the city’s ability to pay back the loan, Public Works Director Michael Bevins said.

“Without a rate increase, the USDA loan is not even a possibility,” he said.

Approval of the budget outline shows the agency the city realizes a rate hike is necessary.

Read more from the Antelope Valley Press by clicking here.

June 8, 2009 · Filed Under Southern California

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