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DOI homeowners getting small water rate increase
The District of Invermere intends to raise its water utility user rates for 2012.
District council March 13 unanimously approved the first three readings of Water Utility User Rates Amendment Bylaw No. 1443, 2012, which came from an Audit and Budget Committee recommendation that âthe flat metered rate be increased by $10 per year ($5 for the bi-annual flat rate) and that an âacross-the-boardâ five cent increase be applied to the metered rate,â stated Karen Cote, district director of finance in her report to council.
The reason for the increase is the districtâs âwater fund is in a little bit of dire needs,â Cote told council.
âOur current revenue is $540,000 in user fees (budgeting $550,000 in 2012) and $24,000 in other revenue. 2012 budgeted expenditures are projected at $519,000. With only $53,000 in capital projects budgeted for in 2012, this only leaves less than $1,000 budgeted to go into reserves,â Cote said.
âThe proposed bylaw has an effective date of April 1, (2012) which means it wouldnât affect the ratepayer until the 2012 fall billing. The estimated increase in revenue for the nine months would be approximately $35,000 and the estimated annual increase to the ratepayer would be $20,â she added.
Mayor Gerry Taft pointed out the increase in rates still means Invermere property owners still pay âsubstantially lessâ for their water system than other municipalities in the valley.
He also noted that the proposed increase to the metered rate amounts to people paying five cents for 1,000 litres of water.
âItâs not a drastic increase,â Taft said.
Coun. Greg Anderson agreed. âIt made sense â itâs not an unacceptable increase,â he said.
The districtâs sewer rates will remain the same for 2012.
Ian Cobb/e-KNOW