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November 4, 2009
Utility’s 2009 Annual Budget WaterOne’s proposed 2009 Annual Budget has been presented to the utility’s Finance Committee. Two work sessions on the proposed budget were held with members of the Finance Committee and Governing Board on October 7, 2008 and October 21, 2008. A public hearing on the proposed budget will be conducted at 7:00 p.m. on November 11, 2008 in conjunction with the monthly meeting of the utility’s Governing Board. A final vote on the proposed budget, and 2009 rates and charges needed to support it, is scheduled for December 9, 2008 at the Board’s monthly meeting. An overall rate increase of 4.8% is required in 2009 to support the proposed budget. This increase, which would be effective January 1, 2009, translates into an average increase of $1.73 per month on a typical residential customer’s water bill. The increase is needed to fund infrastructure replacements, capital projects, as well as, to meet increases in operating expenses. The 2009 Annual Budget reflects a commitment by the utility's Board and staff to keep rate impacts as low as possible. WaterOne rate increases have remained, on average, lower than the national CPI for water and sewer. The 2009 Budget Highlights can be viewed here.
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