The proposed fiscal year 2023-24 budget will see a monthly increase of $2.18 per month for typical residential waster and wastewater customers, according to city documents.
Costs for water and wastewater will vary based on how many centum cubic feet are used and the size of the meter, according to documents. A city news release says this will be the first increase in water prices in four years.
The details
The proposed budget for water utility is $547 million, up $59 million from the FY 2022-23 budget. City documents outlines an increase of $14.4 million in debt principal and planned bonds. The city will cash-finance $10.4 million of the work, which will work to replace cast iron water lines. The city has more than 800 miles of cast iron water mains, and more than 80% of the water breaks reported are on cast iron lines, according to the city.
What you need to know
In addition to the increase in cost due to water line replacement, customers will also see an uptick in the cost as volume rates and monthly service charges are proposed to change. The city news release noted there is increased costs for raw water and wastewater treatment from Tarrant Regional Water District and Trinity River Authority of Texas as well.
What's next
Fort Worth City Council will review the recommended rates during the Sept. 19 meeting, and the changes would take effect Jan. 1, 2024, if passed.
