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Four Oaks cites NC Rural Water Association study as reason for water, sewer rate increases
Summary
The town’s Water & Sewer Fund budget reflects a five-year rate study by the NC Rural Water Association projecting roughly 6% average water rate increases and about 5% sewer increases, plus a 10% projected rise in wholesale purchase costs from Johnston County.
Town staff reported that the NC Rural Water Association updated a five-year water and sewer rate study recommending phased increases to recover costs. The study, as described in the presentation, applies inflationary adjustments (about 5% for operations) and assumes 10% increases for wholesale water and sewer purchases from Johnston County; the presentation noted projected average water-rate increases of roughly 6% and sewer increases of roughly 5%.
The Water & Sewer Fund was balanced at $2,606,500 in the proposed budget. Staff said the rate study will be updated annually and used to guide rate adjustments over a five-year period to ensure the town recovers operating and purchase costs; specifics of implementation and customer notices were not detailed in the transcript.
