The Utility Service Board approved revised rate increases for LMU’s water and sewer customers last night. Both the Utility Service Board and the Stormwater Management Board approved rate increases in the fall, but they failed to gain final approval from the Logansport City Council.
The water and sewer rate increases will happen annually on June 1 for the next five years. At the end of the five year period, customers will be paying 18.65% more for water than they are today, and 49.6% more for sewage. At minimum usage levels, those figures equate to a total increase of $2.94 cents per month for water and $5.97 per month for sewage.
The proposed water rate increases are 3.7% this year, 3.6% in 2019, 3.5% in 2020, 3.4% in 2021 and 3.2% in 2022. The proposed increases for sewer rates are 11.8% this year, 11.1% in 2019, 10.4% in 2020, 4.7% in 2021 and 4.2% in 2022.
The stormwater management board will meet Thursday morning at 10 a.m. to discuss the revised stormwater rate increase. The proposal would increase rates for residential customers from $8.85 to $12.49 per month by June of 2019. (See chart below for additional schedules of present and proposed rates and charges).
Under the new proposals, the costs of the multi-million dollar stormwater project on Melbourne Avenue would now be split between the stormwater and sewage departments.
The Logansport City Council’s public utility committee will meet at 6 p.m. Thursday to discuss the rate increases.
A public hearing on the assessment and collection of user fees is scheduled for 10 a.m. March 15.