Water rate hike was years in the making

Goal is to get water fund solvent enough to pay the city's annual $689,000 bond payments for the water plant's construction, which expires in 2025.

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Local News

February 28, 2020 - 5:22 PM

The Iola City Council’s approval Monday of a series of water rate increases was the latest in a yearslong effort to drum up more revenue for the water fund.

The Council voted 6-1 Monday to implement a 10% hike effective May 1, plus another 10% increase in 2021 and a 5% hike in 2022.

The goal is to get the water fund solvent enough to continue the city’s annual $689,000 bond payments for the water plant’s construction. The bond payments have been made annually since 2005, and will expire after 2025.

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