(La Porte, IN) - The La Porte City Council is expected to vote on proposed rate increases for water and sewer a week from today. The proposal would hike rates for residents about 30-percent over the next four years, while there would be a higher percentage increase for industrial and retail users.
Initially, the increase would provide revenue to finance 25 million dollars in upgrades to one of the oldest systems in the state. A 20-year bond issue would be floated to pay for the first round of improvements that could be finished in 2024.
Mayor Tom Dermody says more improvements would likely follow since the needs for the water and sewer departments total over $100 million. Dermody said nobody wants to increase fees but the needs being so great can no longer keep being delayed.
A vote is expected at the next city council meeting on November 2nd.