The Board of Water Works Trustees has proposed Des Moines Water Works’ 2016 calendar year budget, which includes revenue from 2016 rate increases for Des Moines, total service, and wholesale water customers. The 10 percent rate increase for all customers, approved by the Board in October, equates to an increase of about $2.55 per month for a four-person household (7,500 gallons) inside Des Moines.
The rate increases will result in approximately $3.2 million of increased water revenue for 2016. As the Board moves toward greater investment in the water utility’s infrastructure, rate increases will be more consistent with the challenges of producing and delivering quality water.
The proposed 2016 budget includes $59.4 million of operating revenue. Operating expenses are budgeted at $40.6 million, while capital infrastructure costs are budgeted at $22.2 million.
The Board of Water Works Trustees will hold a public hearing for the proposed 2016 budget on Tuesday, November 24, 2015, at 3:30 p.m. at Des Moines Water Works’ general office, located at 2201 George Flagg Parkway, in Des Moines.
New water rates will go into effect April 1, 2016. For a complete listing of Des Moines Water Works’ 2016 water rate structure, visit www.dmww.com/about-us/announcements.