FREDERICKTOWN Fredericktown water customers will be facing a rate increase, based on the analysis of the current rates and debts received by Village Council at a special meeting Thursday evening.
Josh Eggleston from the Ohio Rural Community Assistance Program spent an hour and a half examining the water budget in detail, spelling out fixed and variable expenses and revenues.
You will need to make some adjustments, he told council as he proceeded to show how the water fund is already $58,000 in the red this year and how that will grow with the addition of additional costs, such as payments on the water tower project now being constructed. The deficit will grow to $129,759 in 2014, $165,979 in 2015, $202,140 in 2016 and $218,255 in 2017 unless rates are adjusted.
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