The Herald Bulletin

Afternoon Update

Breaking News

March 13, 2014

Water rate hike up for final approval

City Council to consider additional funding requests

ANDERSON – The Anderson City Council is expected to approve a 47 percent increase in water rates that will be phased-in over two years starting in 2015.

The council by a 5-3 vote passed the rate increase through two of the three readings at a February meeting along with a companion ordinance to issue $14.3 million in bonds for infrastructure improvements needed by the water department.

Final adoption of the two ordinances is expected tonight when the council meets at 7 p.m. in the City Building council chambers. Once the ordinances are approved by the council, the city will apply for a rate increase with the Indiana Utility Regulatory Commission.

The increase will result in the monthly bill for the minimum user of 3,000 gallons or less to climb from $13.36 to $19.62 and for the average user of 5,000 gallons to increase from $18.98 to $27.87.

Council members were told that the water department was facing a $1 million deficit at the end of 2014 and would have problems paying a previous bond issue.

The water department had revenues of $7.64 million in 2012 and needs to generate more than $9 million to remain solvent.

The $14.3 million bond issue will be used to construct a new water treatment plant, upgrade the city’s well fields and replace water lines.

City Council will also be asked to approve several ordinances for additional funding appropriations that are needed to meet the 2014 projected budget spending.

The Indiana Department of Local Government Finance set the city’s budget for this year in five categories at the same level as 2013 because the council missed a September deadline for conducting a public hearing on the 2014 budget.

The DLGF cut the city’s budget request by $1 million from $39.8 million to $38.8 million.

Council members in January, when told the city was operating on the 2013 budget instead of the budget that was approved by the council, indicated support for the additional appropriations.

Text Only
Breaking News
Featured Ads
More Resources from The Herald Bulletin
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium
Front page
Poll

Do you plan to attend one of the public sessions about the Mounds Lake reservoir project?

Yes
No
Not sure yet
     View Results