The city of Boonville could see a future rise in its water rates. Mayor Charlie Wyatt said the Indiana Utility Regulatory Commission (IURC) notified the city their margins were too small -- and rates would have to rise 38% just to cover costs.
But with 100-year-old water lines, and $7.4 million in needed upgrades to water infrastructure, Wyatt says it is the best time to raise rates to fund it all.
For a customer using about 2200 gallons the rate would rise from around $15 to nearly $26
Charlie Wyatt said, "You look around Evansville, Chandler, I know Oakland City, I mean, they've all had to make adjustments. I don't know of anything that you can keep the same since 2009, without having to adjust something to it. Don't want to. You know, we take this very seriously."
The city filed a petition with the IURC to raise rates in late March. The process will take about 10 months before a final decision is made.
(This story was originally published on April 18, 2018)
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