UTICA, NY - The Mohawk Valley Water Authority Board of Directors voted unanimously to pass a 2.5% rate increase on Monday to help them meet their proposed $27.1 million budget for the upcoming fiscal year which starts on November 1.
Prior to the vote, a public hearing was held in the Utica Common Council Chambers, but no one from the community showed up.
The rate increase translates into approximately $9.70 per year in higher water costs for the average household or about 81 cents per month.
MVWA Executive Director Patrick Becher says some of the reasons for the hike include an increase of PILOT payments to both the City of Utica and Oneida County, as well as bonds that are financing some major capital improvements coming due.
“The money that’s being used from the bond sale included $7 million to begin the next phase of constructing a new water line from the dam at Hinckley Reservoir, three miles down to our water treatment plant. It’s going to guarantee that we can get all the water we need even if there’s a drought and the water levels get unusually low”.
The Water Authority says that new revenue expected from the start of operations at Wolfspeed, along with other factors, helped keep the rate increase as low as it did.
The 2.5% increase will go into effect on January 1.