Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Cape to raise utility charges 11% per year | News, Sports, Jobs
    Stock Market

    Cape to raise utility charges 11% per year | News, Sports, Jobs

    July 19, 20242 Mins Read




    A utility rate increase of 11% a year for the next three years was approved by Cape Coral City Council Wednesday.

    Finance Director Mark Mason said the resolution approved, 222-24, updates water, sewer and irrigation rates as well as incidental fees.

    The utility rate adjustments will begin Oct. 1.

    According to city documents, “the rate adjustments necessary to operate the system and provide for debt service based on information available at that time include rate increases for both capacity and commodity charges of 11% per year for three years for the first bill period after Oct. 1, 2024.”

    Following that meeting, Mason said the city provided notice to all the property owners that the public meeting on the matter was being held on July 17.

    The monthly capacity charge is for all customer classes ranging in meter sizes from 5/8 inches — $20.59 to 10 inches — $2,369.24.

    The residential commodity charge per thousand gallons is as follows as of Oct. 1:

    • 0-5,000 gallons – $4.41

    • 5,001-10,000 gallons – $6.60

    • 10,001-15,000 gallons – $8.81

    • 15,001-20,000 gallons – $12.11

    • 20,001 plus gallons – $15.52

    Mason said the irrigation rate remains at $9.50.

    Those rates will again increase in 2025 and 2026, each by another 11%.

    Mason said the other change is for site non-compliance meter installs.

    He said the city established a rate based on the feedback from the industry and community regarding adjustments on how to go about applying for a meter install.

    Mason said the process will hopefully get the meters out to the properties in a 10-day period, instead of sometime in a three-month period. He said there will be 50% of the meter install if the city goes to install within the 10 days.

    The increases drew some criticism.

    A resident spoke and said he is disabled, on Social Security and is a widower. He said his highest bill is his water bill, as his house is paid for.

    “The water bill is outrageous. We can’t afford it,” the resident said.




    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Stock Market Live February 17, 2026: S&P 500 (ETF) Fighting to Go Green Again

    Stock Market

    Goldman Sachs Is Raising Price Targets 10%+ on 4 Blue Chip Dividend Stocks

    Stock Market

    IDC MarketScape names Hitachi Energy a Leader in Asset Performance Management for Worldwide Utilities

    Stock Market

    The Week In Technology, Feb. 16-20, 2026

    Stock Market

    Here are the 3 big things we’re watching in the stock market this week

    Stock Market

    12 Dividend Stocks With High Insider Buying

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Vietnam Enterprise Investments propose une offre publique d’achat liée à la performance -Le 07 mars 2025 à 13:44

    Fintech

    What Are Micropayments? Exploring Their Fintech Applications

    Commodities

    Philippines records over US$2.5mil in agricultural loss following typhoon Fung-wong

    Editors Picks

    Darren Elkins Sends Daniel Pineda Into Retirement

    October 19, 2024

    Crowds gather for 150th Hawkshead Agricultural Show

    August 20, 2025

    4 Dividend Stocks to Buy for Life

    October 21, 2024

    Gold, Silver Prices Today Live Updates: Precious metals soar again, gold jumps to $5,070.30, silver up 4.8%

    February 3, 2026
    What's Hot

    RRGSD cleared in scrap metal sales, other matters

    July 29, 2024

    June real estate inventory in Charlotte Co. lowers as sellers pull listings

    July 26, 2024

    Gold Cup : les États-Unis dominent la Trinité-et-Tobago 5-0 à leur premier match

    June 15, 2025
    Our Picks

    The Hidden Risks of Digital Currency: Navigating Cybersecurity in the Age of Web3

    March 6, 2025

    David Hayter, the voice of Snake in Metal Gear, confesses his regret about returning to Metal Gear Solid Delta

    August 23, 2025

    Harris seized the moment. Can she translate that energy to victory?

    July 27, 2024
    Weekly Top

    Antofagasta doubles dividend as profits hit new record

    February 17, 2026

    As crypto industry expands, U.S. slashes office examining dirty money safeguards of cryptocurrency exchanges

    February 17, 2026

    Stock Market Live February 17, 2026: S&P 500 (ETF) Fighting to Go Green Again

    February 17, 2026
    Editor's Pick

    HK takes lead in stablecoin regulation as China explores a digital future

    June 22, 2025

    Egyptian fintech Lucky One raises $3 million in fresh funds to grow its discounts and credit platform

    August 7, 2024

    Snake Eater Patch 1.1.3 Adds New Features, But Performance Struggles Remain

    September 5, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.