During a recent government meeting, officials expressed concern over a significant increase in water bills for residents, which is projected to rise by 51% compared to the previous year. In response, a proposal was put forth to allocate a portion of the fund balance to help offset this 5% increase that residents will face this year, as well as to address a similar increase from the prior year.
The proposed allocation aims to provide immediate relief to residents, with the potential for a one-time credit of approximately $333 for each household. While this measure is not intended as a permanent solution, it is designed to enhance community trust by fulfilling a commitment made to residents months prior. Officials emphasized the importance of this allocation in supporting vulnerable groups, including single parents and seniors, for whom the financial impact of the increase could be substantial.
Trustees are expected to discuss the specifics of how this offset could be implemented in future meetings, with the goal of ensuring that residents receive timely assistance as they navigate rising costs.