OC: Small Water Rate Hike To Fund Big Projects
OCEAN CITY — Resort residents can expect a water usage rate increase over the next five years, but the modest hike will offset the cost of major infrastructure improvements.
The Mayor and Council this week got a review of the town’s five-year comprehensive water and wastewater rate study prepared and presented by consultant NewGen Strategies and Solutions. The report is weighty and rife with technical complexities, but in layman’s terms, the town continues to invest in its water infrastructure with an estimated $60 million in improvements over the next six years, including the development of a new water treatment plant off 66th Street.
The water and wastewater systems are enterprise funds, meaning they are largely paid for by the consumer through various fees. As such, with $60 million in improvements in the offing over the next five years, the consultant is recommending a modest water rate increase of around 3%. The proposed increase will add about $7 to the consumer’s quarterly water bill, or take it roughly from an average of $93 per quarter to about $100 per quarter.
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The Mayor and Council this week got a review of the town’s five-year comprehensive water and wastewater rate study prepared and presented by consultant NewGen Strategies and Solutions. The report is weighty and rife with technical complexities, but in layman’s terms, the town continues to invest in its water infrastructure with an estimated $60 million in improvements over the next six years, including the development of a new water treatment plant off 66th Street.
The water and wastewater systems are enterprise funds, meaning they are largely paid for by the consumer through various fees. As such, with $60 million in improvements in the offing over the next five years, the consultant is recommending a modest water rate increase of around 3%. The proposed increase will add about $7 to the consumer’s quarterly water bill, or take it roughly from an average of $93 per quarter to about $100 per quarter.
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