Electric & Water rates to be discussed at Lake Worth City Commission

Tonight, the City Commission will be talking on various issues. The two in which I am most interested are the electric and water rates.

Electric Rate Reduction.

1. Public Utility Tax will go from 10% to 8% with a final goal of 6%.
2. Re-organization of Staff (lay-offs) for a savings of $525,000.
3. 3 year rate reduction cycle.
4. 25% reduction in the conservation surcharge of $2.60 to $1.95 per 1000 kwh.

Water Rate Reduction
Instead of a 11% rate increase through Budget 2012/2013--

1. Reduction to 2.5% in 2012-13; 8% in 2014-19 and reverting back to 2.5% in the 8th, 9th and 10th years.

or...

2. Reduction to 5.25% for a 10 year period.