The Alexandria Mayor and Board of Aldermen met in regular monthly session Tuesday night and adopted the 2016-17 budget on second and final reading following a public hearing.
While the city is not increasing its property tax rate nor its actual water and sewer rates this year, a monthly $6.00 fee will be assessed per customer on their water bills to meet a state requirement to fund depreciation in the city’s water and sewer fund. The new fee is expected to generate approximately $70,000 a year for depreciation.
Under state law, if a utility is not shown to be financially self supporting at least every other year, the state could establish rates for the utility.
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