Hayden: Town Council to hear rate increase proposal on September 17

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From the Steamboat Pilot & Today (Blythe Terrell):

Town staff members plan to present a base rate increase of about $3 a month to the Hayden Town Council at its Sept. 17 meeting. The possible hike results from a shortage in the town’s enterprise fund, which includes revenue from water and sewer systems, Martin said.

Part of the problem is a decrease in tap fees, which builders pay to tap into the water system. New construction has slowed, which means that money isn’t coming in. “We generally have identified an operating deficit annually, without tap fees, of about $90,000,” Martin said. Part of the cost is payment on the debt for the water system, which costs $115,000 per year. The town started paying on a 20-year loan eight years ago. The plant was finished in about 2003, Martin said. “Without that debt payment, we’re generally operating in the black,” he said. “But with that debt payment, we’ve got to come up with that.”

More infrastructure coverage here.

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