City residents will pay more for sewer service but less for water under the terms of legislation approved July 28 by Marysville City Council.
City residents will pay more for sewer service but less for water under the terms of legislation approved July 28 by Marysville City Council.The rate adjustments will take effect on Jan. 1, 2012.
Residents will see a 10-percent increase in sewer rates (an increase of $3.73 per 600 cubic feet), and a 7.5-percent decrease in monthly water rates (a decrease of $3.54 per 600 cubic feet).
Based on the average monthly water and sewer bills in Marysville, the change will result in an average monthly increase of 19 cents in 2012, according to the city's figures.
"With your sewer rates going up approximately 10 percent, your water rates are being reduced very close to that amount to really minimize the impact on our residents," city administrator Terry Emery said.
The new plan is aimed at aggressively paying down some of the city's debt and lessening the impact of water and sewer rate increases on consumers, in anticipation of continued growth in the coming decade.
The city was required to raise the sewer rate by 10 percent in order to meet its debt covenant, said Jenny Chavarria, the city's finance director. The new sewer rate is part of Marysville's five-year plan.
"We were trying to offset it (increase in sewer rates) as much as we could so there is minimal impact," Chavarria said.
The new rates will shift a higher end balance in the city's water funds, rather than sewer, as of Dec. 31, 2011. With a beginning balance of $4.64 million (sewer funds) and $15.19 million (water funds), revenues are projected at $37.20 million (sewer) and $9.23 million (water).
Expenditures are projected at $40.18 million (sewer) and $10.72 million (water), leaving an end balance of $1.67 million (sewer) and $13.70 million (water).