Assembly adopts rate increases on all utilities
April 5, 2023
After hearing from concerned residents and weighing the borough’s financial needs, the assembly voted unanimously to adopt rate increases for its water, electrical, sewer, harbor and trash pickup services. On average, the new rates will be 10% higher and will go into effect at the beginning of the new fiscal year on July 1.
At the March 28 assembly meeting, Finance Director Mason Villarma explained the reasoning behind the proposed rate increases. The water, power, sewer, harbor and trash disposal funds are all “enterprise funds,” meaning that they are supposed to run like a business...
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