Town considers proposed water, sewer rate increases to bolster depreciation
May 17, 2012
In order to accumulate reserves that will fund long-term upgrades and build up the depreciation
of its water and sewer system, the town of Bennington, Vermont, is considering a water and sewer budget increase of more than 9 percent, the Bennington Banner reports.
The proposed rise is in accordance with an effort kickstarted by Bennington's select board last year to boost reserve funds in anticipation of problems with the town's aging wastewater plant and sewer pipes, which are approximately 40 and 50 years old, respectively. According to town manager Stuart A. Hurd, some water lines have been in use for more than a century, and are expected to need replacing soon.
The water rate will rise by 12 percent, while the sewer rate will see an 11 percent increase.
"It allows us to do for the board what we said we were going to do," said Hurd of the rate hikes, as quoted by the news source.
Elsewhere in the country, the city of Keyser, West Virginia, is taking a similar approach, according to the Cumberland Times-News. Last month, the city council announced monthly increases of $2 for water rates and 80 cents for sewer rates.