It’s Your Money: Rate Hikes Have Just Started

“The reason PAWSD currently has a healthy debt service coverage ratio is because
PAWSD has completed a series of substantial increases in its service fees and other
charges in recent years, and additional substantial increases will be required to maintain these debt service coverage ratios in the future. PAWSD currently projects the following cumulative increases between 2019 and 2032:

a. “Water Service Rates: 57%
b. Water Capital Investment Fees: 230%
c. Wastewater Service Rates: 112.5%
d. Wastewater Capital Investment Fees: 1,270%.”