STEWIACKE: The price of water in the Town of Stewiacke will be increasing, after the N.S. Utilities and Review Board (NSUARB) approved the hike.
In a release on their decision Sept. 16, the NSUARB indicates that the biggest increases will be for the current year. It will come into effect October 1.
For unmetered customers, the increase this fiscal year will be a staggering 18.7 per cent; 5.6 per cent in 2020/21; and 6.6 per cent in fiscal 2021/22.
The increases for 5/8” metre residential customers will be 16.6 per cent; 5.3 per cent; and 6.8 per cent until 2021/22.
For all other metered customers, the rate increases are 7.0 per cent to 18.7 per cent in 2019/20; 5.5 per cent to 10.8 per cent in 2020/21; and 6.3 per cent to 13.4 per cent in 2021/22.
The water utility in Stewiacke provides water service to approximately 90 per cent of the town’s residents.
If the current rates were to be left in place, said the town, the utility would be facing a deficit balance of $101, 489 by the end of fiscal 2021/22.