Colorado Springs asks councillors for water rate increase in 2016

Colorado Springs circa 1910 via GhostDepot.com
Colorado Springs circa 1910 via GhostDepot.com

From the Colorado Springs Independent (Pam Zebeck):

The Southern Delivery System, due to become operational next year, hasn’t cost as much as predicted in 2010, which led to lower and fewer rate increases since that time. Originally, Colorado Springs Utilities planned to increase water rates by 12 percent per year for six years. Instead, rates went up by 12 percent each in 2011 and 2012 and 10 percent each in 2013 and 2014.

That said, revenue hasn’t generated as much money as CSU planned, according to a City Auditor’s Office assessment of water rates released this month.

When the costs of the pipeline from Pueblo Reservoir to Colorado Springs came in some $400 million less than originally projected, that meant the city had to borrow less, the audit reports…

In any event, Springs Utilities proposes to change gas, electric and water rates in 2016. The water rate increase would increase the typical residential bill from $57.07 a month this year to $59.62 next year, an increase of $2.55 per month, or 4.5 percent…

Rates changes will become effective January 1 if approved by City Council, which doubles as the Utilities Board.

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