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| Village of Lowville Moves Forward 5 Percent Water Rate Increase January 21, 2019 09:00am By: Nick Altmire |
3-2 in favor of a 5 percent water rate increase for all users of the village water system, effective May 1st. Trustees Edward Murphy and Danny Salmon voted against the move, while Mayor Donna Smith, Trustee Joseph Beagle, and Trustee Charles Truax Jr. were in favor. A public hearing on the topic was held on December 19, with the resolution tabled at that time. The new rate will be effective for usage beginning May 1, 2019 and will first appear on residential users' bills in November of 2019. The rate increase came at the recommendation of the Village of Lowville Municipal Board. A rate increase was deemed necessary to help fund the infrastructure upgrades currently underway on the water system. The water system operates like an enterprise fund, meaning it is not funded through tax dollars, rather the income generated by usage needs to equal or out pace the operating expenses of the system. A 10 percent increase on water rates in the village was implemented on November 1, 2017. |
