Pueblo Board of Water Works: 3% water rate hike likely, budget public hearing Tuesday

Pueblo photo via Sangres.com
Pueblo photo via Sangres.com

From The Pueblo Chieftain (Chris Woodka):

The Pueblo Board of Water Works will have a public hearing on its 2014 budget at 2 p.m. Tuesday at the Alan C. Hamel Administration Building, 319 W. Fourth St. The board is expected to approve a $34 million budget that will mean a 3 percent rate increase for Pueblo water users. The average monthly residential bill will increase about $1 per month, or $3 per month during summer months if yard watering is factored.

The budget includes $100,000 for the CARES program, administered by Catholic Charities, that provides emergency funding for families. Last year, the program helped about 900 families.

About $23 million in revenue, or 70 percent, comes from metered accounts, while water leases contribute $8.22 million, or 25 percent.

Personnel services account for 41 percent of expenditures, while operation and maintenance costs make up 30 percent. Capital expenses amount to 17 percent, and fund transfers 12 percent.

Among the largest expenditures are $4.8 million for debt service, largely for the 2009 purchase of Bessemer Ditch shares, and $3.37 million for utilities, mainly electricity purchases from Black Hills Energy.

More Pueblo Board of Water Works coverage here.

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