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CPSB Ready for Water & Sewer Rate Hike - KTBS.com - Shreveport, LA News, Weather and Sports

CPSB Ready for Water & Sewer Rate Hike

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City officials say your water and sewer bill could see a rate hike by October of this year. Businesses all over the city are making sure they can make the payments. A 26% increase is on the agenda as of now for water bills. Sewer could go up by 50% and Caddo Parish School Board officials say, they believe they're ready. Jim Lee is the Chief Financial Officer for Caddo Parish Schools. He says while no one wants to see a rate hike, Caddo Parish Schools should be able to handle the increase. "We budget based on prior years but we always know that there's going to be an increase of some kind. So while we didn't budget for a 26% increase, we did budget for an increase. We've come in under budget as far as all of our utilities go. While a 26% increase is pretty big, it's something that I think we can absorb most of."

Lee says, although sewer rates could go up by 50%, sewer costs are much less than what they're paying for water. Caddo Parish School Board gets a very small discount on their water utility because they are one of the largest consumers of water in the city, so they do it all with little help. "As far as the water and utility bills they are all paid for out of the general fund. There are no federal or state funds contributing to that."

Caddo's budget for utility bills is just shy of a million dollars. Their total budget this year is $350 million. "If we're talking about a 26% rate hike, we're talking a quarter of a million dollars, that we would see next year."

 

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