COUNCIL DELAYS VOTE ON PROPOSED SEWER RATE INCREASE
(Richmond, IN)--Richmond Common Council on Monday night addressed a proposed sewer rate increase. If approved, the increase would add six percent to rates each of the following three years and three percent in 2029. The increase is proposed to fund a large expansion of capacity at the Midwest Industrial Park. EDC President Valerie Shaffer told council Monday night that there are not a lot of funding options. "It's really tough. In today's world, as you know, you all are strained and so any type of debt has to have a repayment source. Absent of any new repayment source, I don't know where that will come from," Shaffer said. Several residents talked about the impact on their budgets and implored council to reject the increase. "If this is for the industrial park, let the industrial park occupants pay for it," said Nick Wilson. After public comment, Council President Larry Parker said this: "Sounds to me like we have many unanswered questions. I think we're going to hold this until our next meeting to see if we can't get some of these questions answered." The total projected cost of the expansion is $38 million.
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