People in Kitchener-Waterloo and Cambridge Will Be Paying Much Higher Sewage and Water Rates During the Next Decade
I draw your attention to a newspaper article in the Record published earlier today. You can read it here.
In essence, residence of Kitchener will sustain a 7.7% increase in water rates per year and a 10.8% increase in sewage treatment rates per year for the next decade. For citizens of Waterloo, they will face an increase of approximately 4-5%
The projected rate of inflation for the next decade for Ontario is 2.0%. The evidence is here.
I tried to get date from other municipalities. I found it difficult but here is the best information I could find.
|City||Current Annual Cost of Water Services for Average Household||Rate of Annual Rate Increase for Next Decade|
|Kitchener||$746||7.6% water, 10.8% Sewers|
|Waterloo||$769||4 to 5%|
|Cambridge||$951||6 to 7%|
|London||$938||4 to 5%|
|Ottawa||$828.56||6% for 2016, unknown future projections|
It appears that other Municipalities began investing in infrastructure renewal sooner than Kitchener-Waterloo. Why?