New Castle: The town council bumps water and sewer rates for debt service in response to lowered development revenues

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From the Glenwood Springs Post Independent (John Colson):

Water fees will rise by $1.50 per month across the board, mainly to cover a shortfall in revenues and increased operating costs, said Town Administrator Andy Barton. The larger increase will be in the fees for sewer service, which will rise by $6.50 per month per customer. The added revenue is needed in large part to pay off loans used for a new, $8.5 million wastewater treatment plant, built in 2009, Barton said…

Barton explained that the ongoing national recession yanked the bottom out from under the local housing boom. Although the town has trimmed budgets and staff over the past couple of years, Barton explained, the town still needs additional revenue to pay off the sewer-plant million debt at a rate of $500,000 per year.

More infrastructure coverage here and here.

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