LOCKPORT – The Lockport Common Council introduced a proposed 17.24 percent increase in the residential charge for metered water Wednesday, with a public hearing and vote scheduled for next Wednesday’s Council session.
The charge for metered water would rise from $2.90 to $3.40 per 100 cubic feet. Director of Finance Scott A. Schrader said the impact on a typical home will be an increase of about $30 a year.
The industrial water rate would rise by 85 cents per 100 cubic feet, and the commercial rate will rise by 60 cents per 100 cubic feet.
The city’s water fund has run into financial trouble because there are fewer water customers than there used to be, said Alderman Patrick W. Schrader, D-4th Ward. The city is using only half of its 12 million gallon daily pumping capacity, he said.
Scott Schrader said the increased rate will bring in $250,000 to $300,000 in additional revenue in 2016, and about $500,000 when they are in effect for a full year. The 2016 revenue will not be as much because the city bills water use after the fact.