At its Wednesday meeting, Bloomington’s city council approved a water rate increase for city of Bloomington utilities (CBU) customers.
The water rate increase will come in two phases, in 2022 and 2024. Residential customers will pay a total of 22 percent more over the course of four years.
Other customers like Indiana University, will see higher increases, around double what residential customers will see.
The 22-percent increase brings the residential customer rate to $4.54 for every 1,000 gallons.
After adding in increases for site charge and fire charge (from $5.89 to $6.58 and from $1.96 to $2.17) after the two phases of increase, an “average” 3,500-gallon residential customer would see a monthly increase of around $3.74 in water fees—from $20.91 to $24.64. That works out to about $45 more per year.
The water rate increase was not controversial for city councilmembers. It passed on a 9-0 vote.
As a separate ordinance, the city council approved the issuance of $17.2 million in revenue bonds, to support the capital improvement plan connected to the rate increase.
Customers will see higher bills starting in early 2022, if the water rate increase gets approval from the state.
All utilities rate increases have to be reviewed and approved by the state’s regulatory body, which is the Indiana Utility Regulatory Commission (IURC).
CBU’s largest customer, which is Indiana University, will intervene with the IURC and try to lower the rate increase that applies to IU, which is about double the rate increase for residential customers. Continue reading “Bloomington city council OKs water rate increase, IU to try intervention with state regulators”