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Mandy Cawby

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WaterOne Adopts 2019 Rates, Budget

Post Date:12/18/2018 4:16 PM

At its meeting on December 11th, the WaterOne Governing Board officially adopted its 2019 operating budget of $119 million. As a part of the budget process, the Board set water rates that will go into effect on January 1, 2019.

The planned water rate adjustment is 1.9% based on a cost of service analysis. This represents an impact of $0.80/month for the typical residential customer.

The main cost drivers that make an increase in 2019 necessary are investments in infrastructure replacement, labor expenses, and a gradual decline in indoor water use.

Rate stability matters at WaterOne, and the 2019 rate is consistent with the District’s approach to avoiding rate volatility through incremental rate adjustments. Small, stable rate increases offer predictability for residents and businesses, and has an impact on everything from commercial development to the local cost of living.

WaterOne is a non-profit public utility and is not tax supported – rates and fees are used entirely to cover the cost of daily operations and infrastructure. Because of this, WaterOne practices careful financial planning and reserve funding in order to avoid reactive rate hikes. On average, 50% of every rate dollar goes to daily operations and 50% goes to infrastructure investments. WaterOne’s water is an excellent value, and the District continues to offer one of the lowest rates for water service along with the highest recorded customer satisfaction in the region.

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Fast Fact

WaterOne is an independent, non-profit water utility, proudly serving 400,000+ customers in the Johnson County area.