Quote:
Originally Posted by OrangeBlossomBaby
The math:
If my water bill is $50/month, it'll now be 50+10% = $55/month for year 2, and then 55+10% or $60.50 for year 3. Then, 3% + $60.50 = $62.31/month for year 4, and then $64.18/month for year 5. That nets a 22% increase over a 5-year period, paid every month. It doesn't sound like much but $14.18/month during the 5th year over the original $50/month, multiplied by every household that has to pay - what is that, 50,000 households? That's $700,000 per year INCREASE over the previous year. For upgrades? So when those upgrades are completed, will you be reducing the price? Or will it continue to be almost 22% higher than it was when you started the increases?
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Please note that a starting year one 10% increase was applied to your April 2023 bill. So, for the next 4 years staff is asking for a 10%,10% 3% and then another 3% in the 5th year. Total over the 5 year period is more than a 22% increase.
stated by me at the March NSCUDD board meeting:
"Many figures were presented that show our current CSU rates compare favorably to rates used by many other municipalities in Florida. However, why weren’t the rates of our almost identical NSU system compared to CSU out to the 5 year time period? Maybe because it would show that CSU residents would be paying 45% more than our NSU customers. "