There isn’t any bad news this spring, at least not when it comes to your water bill.
The Austin City Council voted last week on approving a mid-year water and wastewater rate decrease. Decreased rates will affect all residential, multifamily, commercial, and large volume customers of Austin Water.
“I appreciate the creativity and focus that Austin Water has demonstrated to ensure that our residents are getting the best value for their investment,” said City Manager Spencer Cronk in a press release. “Ensuring we have safe, affordable, and reliable water service is a fundamental responsibility.”
So, who is footing the bill for the zero percent rate increase in 2018, and now the mid-year rate reductions?
Some of it comes from developers who tap into the Austin Water system. Annual Capital Recovery fee revenues, or revenue from fees charged to developers, increased from $8 million in fiscal year 2013 to a projected $30 million in fiscal year 2018.
Other factors that are keeping rates down for retail customers include:
- Reducing debt service expenses by over $70 million from 2016 to 2018
- A budget reduction of $30 million from 2014 to 2015
But when will the average water customer see the perks? Austin Water customers can expect to see decreases starting May 1, with an average $2.40 reduction on the monthly bill.
Now, that is good news!
Here are some more ways you can reduce your monthly bill:
- Practice these water conservation tips from Austin Water
- Follow local water restrictions to avoid fines
- Invest in a smart irrigation control system
- Replaced damaged or outdated irrigation controls and sprinkler heads
- Choose water-conserving landscaping for your yard
South Austin Irrigation can maintain and repair your irrigation system. So when you’re your irrigation system needs some tender loving care, give us a call at (512) 534-7449.