By Scott Johnson
HAMILTON – The Hamilton Water Department will raise its wholesale water rates nearly one dollar.
The Hamilton City Council voted unanimously during a meeting on Monday, Aug. 16, to hike wholesale rates from $1.75-per-1,000-gallons to $2.60 in an attempt to close a large gap between rates and actual costs.
An analysis conducted by Hamilton City Accountant Alan Cantrell earlier this year determined that it costs the city $2.58 to produce 1,000 gallons.
The city will also seek a shorter contract term for wholesale water, placing contracts on five-year terms instead of 10 years. The longer contract terms have meant that the city has been locked into its former low rates since 2011.
See complete story in the Journal Record.