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

    Blind man told GCSE computing would be too hard earns degree

    Stock Market

    Ex-date Dividend Stocks This Week: Bharat Dynamics, Mazagon, RITES, Godfrey, SJVN In Focus | Markets News

    Stock Market

    Dow, S&P 500 Fall; Nasdaq Composite Marks New Record; Adobe, Nvidia, Warner Bros, Oracle, Super Micro, More Movers

    Stock Market

    3 “Goldilocks” Dividend Stocks Ready To Skyrocket

    Stock Market

    Utilities Up Ahead of Deal Activity — Utilities Roundup

    Stock Market

    Dow, S&P 500, Nasdaq Rise to New Highs; Oracle, Klarna, Nvidia, Synopsis; CPI Inflation Report

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Actualité Économie RDC | Maniema : DRC Gold Trading SA s’installe pour contrer la fuite de l’or artisanal

    Commodities

    TOI Commodities inks US$117.5mn facility with development banks, commercial lenders

    Commodities

    Commodities for Tuesday, August 27, 2024 – BNN Bloomberg

    Editors Picks

    Ghana’s Regina House in the UK Has Not Been Seized – Papa Owusu-Ankomah Clarifies | General News

    August 22, 2024

    How Heriot became the hottest band in UK underground metal

    October 23, 2024

    Le bénéfice net ajusté d’Algonquin Power & Utilities bondit de 39 % au premier trimestre

    May 9, 2025

    The prophetic Slayer song that marked the end of one of thrash metal’s greatest songwriting partnerships

    September 13, 2025
    What's Hot

    3 Magnificent S&P 500 Dividend Stocks Down 20% to 33% to Buy and Hold Forever

    May 25, 2025

    Lyon Investments annonce avoir reçu, au 23 avril, des acceptations valides pour 936,3 millions d’actions de Sinarmas Land.

    April 23, 2025

    Magna’s Crean Hill project receives Ontario gov’t funding

    June 24, 2025
    Our Picks

    How to add £100k plus to your property before evaluation

    July 14, 2025

    Atteint de la maladie de Parkinson, le parrain du metal Ozzy Osbourne a fait ses adieux à la scène

    July 7, 2025

    Real Madrid – Real Sociedad : au terme d’un match fou, les Merengue rejoignent la finale de la coupe du Roi… le résumé

    April 1, 2025
    Weekly Top

    Delhi truck driver claims robbery of 6,000 kg copper scrap after being sedated, probe reveals he was part of plot | Delhi News

    September 14, 2025

    10 terrible early 00s movies with killer nu metal soundtracks

    September 14, 2025

    Blind man told GCSE computing would be too hard earns degree

    September 13, 2025
    Editor's Pick

    Soventix s’engage sur le projet solaire de 222 MWp pour alimenter la mine de Kamoa-Kakula

    April 30, 2025

    Record-Breaking $225M World Bank Bond Funds Amazon Reforestation • Carbon Credits

    August 15, 2024

    Voici le site de Trump pour le visa permanent à 5 millions de dollars

    June 12, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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