Malibu Surfside News

Malibu Surfside News - MALIBU'S COMMUNITY FORUM INTERNET EDITION - Malibu local news and Malibu Feature Stories

Wednesday, October 24, 2012

Sizable Series of Water Rate Hikes Sought for Waterworks District 29

• County Seeks 25 Percent Over Five Years


The Los Angeles County Board of Supervisors has scheduled a public hearing to consider any protests on the proposed water rate increases recommended for county Waterworks District 29, which includes Malibu and Topanga.
The meeting will be held in the hearing room of the board in downtown Los Angeles on Tuesday, Nov. 27.
The proposed rate plan calls for a 5.4 percent annual increase for the first two years and 5.2 percent annually for the succeeding three years, according to a notice sent to customers.
Revenues generated from the rate increase, according to district officials, will be used to close a gap between revenues and expenditures, build a 90-day cash reserve, fund annual infrastructure  projects, and offset a portion of asset depreciation.
Ratepayers are being told the proposed rate increases will result in an average annual revenue increase of $796,000 for operations and maintenance and the sum of $123,000 for capital infrastructure activities, for a total increase of $4.6 million over five years, according to the district.
“During the first year, the average single-family home using 73 hundred cubic feet bi-monthly will experience an approximately $21 increase on their bi-monthly water bill. Similar increases would occur each year thereafter,” the notice informs ratepayers.
District officials indicate the average bimonthly bill would increase from $398.17 in 2012 to $514.99 by 2017.
The board of supervisors, by law, will consider all protests against the proposed fee. If written protests against the proposed fee are presented by a majority of owners of parcels receiving service, the water district will not impose the fee, according to district officials.

Links to this post:

Create a Link

<< Home