To keep pace with inflation and ensure its ability to cover future costs, the borough is considering rate increases across all enterprise funds — electric, water, port and harbors, wastewater and garbage. If the proposals are adopted, rates for the self-supporting funds would increase an average of 10%, effective with the start of the new fiscal year in July.
The borough assembly will consider the rates at its March 28 meeting.
The 15% wastewater rate increase would be the steepest rate hike; the 5.5% increase for trash pickup services would be the lowest.
The rate adjustments were proposed at...
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