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THIS PAGE SPONSORED BY PETERSON ANTHONY INSURANCE
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11/29/2012
THE FAIRMONT PUBLIC UTILITIES COMMISSION APPROVED A TWEAKED VERSION OF THE 2013 BUDGET PROPOSED BY CITY STAFF AT THE REGULAR MEETING ON TUESDAY. THE FIRST PROPOSAL INCLUDED A 15 PER CENT RATE INCREASE ON WATER RATES. THE NEW VERSION WOULD HAVE A 13 PER CENT RATE INCREASE FOR RESIDENTIAL AND COMMERCIAL CUSTOMERS. THE INCREASE IS CALLED FOR ACCORDING TO CITY FINANCE DIRECTOR PAUL HOYE IN ORDER TO KEEP UP WITH CURRENT CAPITAL EXPENDITURES AND DESIGNATED RESERVES AND TO FUND DEBT SERVICE ON THE NEW WATER PLANT. THE INCREASE CALLED FOR IN THE COMING YEAR IS HIGHER THAN PREVIOUSLY EXPECTED BECAUSE THE CITY IS BUDGETING A 6.5 PER CENT REDUCTION IN SALES DUE TO WATER RESTRICTIONS THAT HAVE BEEN PUT IN PLACE.
CITY STAFF IS NOW RECOMMENDING AN 8 PER CENT INCREASE IN WASTEWATER RATES FOR 2013 BECAUSE SEWER SALES ARE EXPECTED TO DECREASE AS WELL. THE ORIGINAL BUDGET PROPOSAL HAD AN INCREASE OF 10 PER CENT IN RATES FOR WASTE WATER. THERE WILL NOT BE AN INCREASE IN ELECTRIC RATES FOR THE NEW YEAR BECAUSE POWER PURCHASE RATES FROM S M M P A WILL STAY THE SAME AS THIS YEAR..
THE CITY COUNCIL WILL CONSIDER ADOPTION OF THE 2013 FINAL BUDGET AT THE DECEMBER 10TH COUNCIL MEETING.
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ROD HALVORSEN
© 2010 KSUM.
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