Mayor Asks Water Co. to Lower Proposed Rate Increase
Friday October 25, 2013
He says efficiencies can be found
Saying he believes that Louisville Water Company can find efficiencies and cut costs, Mayor Greg Fischer today asked the utility to reduce its planned rate increase.
The Board of Water Works has been considering raising customer bills by up to 5 percent for the upcoming year, which starts January 1.
“My message to the Water Company consistently has been not to rely on automatic price increases to make its budget balance,” Fisher said. “The Water Co and its board have a great record of quality and performance and I’m confident they can find further savings.”
Fischer said he understands the need to increase water bills, in part due to lower water usage in the city, but rate increases should be kept at a minimum. He believes that can be achieved while also paying city government its annual dividend.
The citizens of Louisville own 100 percent of the water company and the board, appointed by the Mayor, meets in November to consider the increase.
“I’m asking the board to limit the increase to less than 4 percent,” Fischer said. “I am confident the leadership team can find ways to cuts costs and become more efficient.”