During the regular December Board meeting, the Board of the Edgeworth Water Authority adopted the 2017 Budget.
In January of 2016, the cost of purchasing water by the Authority increased 11%. The 2016 infrastructure projects necessary for maintaining the integrity, and viability of the water system, total $850,000. These combined cost components have led the Board to reevaluate the current financial condition of the Authority. To ensure that the necessary finances are available to cover current and future operating expenses and capital improvements, the Authority has elected to increase water rates by 4%. The current rate increase will raise the minimum cost of water by approximately $1.70 per quarter. The new rate is effective January 1, 2017.