MVWA Holding Public Hearing On Proposed Rate Hike
Utica, NY (WIBX) - The Mohawk Valley Water Authority is holding a public hearing Tuesday on its proposal to increase water rates.
The Water Authority says the two-percent increase would amount to about $8 a year for the average household.
They say the reasons for the hike are increases in annual payments to the State Retirement System, annual debt payments on bond issues and health insurance premiums. Also, a decline in interest earnings on reserve accounts and needed improvements at the treatment plant to comply with federal regulations.
The public hearing for the proposed increase will happen at 5 p.m. Tuesday in the Common Council Chambers at Utica City Hall.