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Tuesday, October 7, 2008 |
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8°C
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Feels like:
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5°C
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87%
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Sewer, water rates raised |
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Written by Citizen staff
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Monday, 12 May 2008 |
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The rates charged for water will by five per cent effective July 1 and a further five per cent effective Jan. 1, 2009. The rate charged for sewer, meanwhile, is proposed to rise 2.25 per cent by July 1.
A single-family home currently pays $101.16 every six months, and it will rise by $4.69 for the second half of this year, and a further $5.31, to a total of $111.31 for each six month period next year.
For the sewer utility, single family homes currently pay $97.86 every six months. With the increase, the charge for will add up to $100.06 every six months.
The hikes to the water rates are designed to rebuild the surplus for that utility back to 25 per cent of the yearly operating expenditures after falling to seven per cent due after $1 million was taken out to cover debt payments for the Hart-Nechako water supply improvement, the 15th Avenue to Ferry Avenue water main and the Cranbrook Hill reservoir projects.
Debt payments rose to $2.75 million in 2008 from $1.29 million in 2005.
The surplus for the sewer utility currently stands at 31 per cent and will rise to 60 per cent by 2012 with the increase according to a forecast but it's expected to drop closer to 25 per cent as capital projects to improve the system are carried out.
A survey of residential water rates for 26 Canadian cities puts Prince George's at fourth lowest and one for residential sewer rates for 12 Canadian cities puts Prince George's at third lowest.
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Last Updated ( Sunday, 07 September 2008 )
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