Floyds Knobs residents facing 25 percent water rate increase
FLOYDS KNOBS, Ind. (WDRB) -- Floyds Knobs residents could soon see quite a rise in their water bills, something the state says needs to happen to pay for maintenance costs.
The Indiana Utility Regulatory Commission says maintenance and increased operating costs are part of what lead to the 25 percent proposed increase.
IURC has jurisdiction over Floyds Knobs Water Company rates and charges. The commission said residents could seek a public hearing to have questions answered which will happen Tuesday night.
“After talking to some of my neighbors, they also expressed some concern and thought it was a pretty high rate increase," said Floyd County resident Amanda Main. "And so we all decided to go on and ask for the hearing
Main added that she received a letter of a rate increase but never a reason why the increase would happen.
In addition to maintenance costs, the increase would repay debts for a $4.5 million water tower. The proposal will have rates going from $41.40 to $50.25 for a consumer that uses approximately 5,000 gallons a month.
The last increase of 29 percent was in 2014.
Don Leonard, who has lived in Floyds Knobs for the last five years, said inflation is often times unavoidable. He doesn't have a problem with the increase but just wishes more explanation was given in the initial notice.
“We’re going to see some price pressure, certainly, in a lot of places, and this is just one that you see all at once,” Leonard said.
Tuesday’s public meeting is set for 6 p.m. at the New Albany Floyd County Consolidated School Corporation Education Center at 2901 Grant Line Road.
No vote will be taken at the meeting, but one could be taken by the end of the year.
On Wednesday, the water company released a statement:
The Floyds Knobs Water Company utility has petitioned the Indiana Utility Regulatory Commission (Commission) for permission to increase its rates for the reasons outlined in its petition. The Commission considers evidence provided by all parties in a case, including the Office of the Utility Consumer Counselor (OUCC), which represents utility consumers, before making a decision regarding a petition. Consumers may submit evidence for consideration by sending written comments to the OUCC by Sept. 12, if they did not speak at the IURC’s public field hearing at 6 p.m. Tuesday, Aug. 28, at the New Albany Floyd-County Consolidated School Corp.’s Education Support Center.
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