Annual water rate increases are more than just
an inconvenience— they’re a huge financial
burden for multifamily property owners and
managers. Municipal water rates are increasing
by up to 55 percent in some districts, with an
average nationwide increase of 12.9 percent going into 2011.
Property owners in Kentucky, for instance, recently experienced a
37 percent rate increase, translating to approximately $10 per
household per month.
Among the factors causing the increase are the tightening of
Environmental Protection Agency (EPA) requirements
quality and waste distribution in the United States, a growing
need to improve crumbling municipal water infrastructures (such
as pipes, pumps and treatment plants), and significant declines in
water consumption because of the poor economy.
If you do not wish to receive this e-mail
please click here to be removed from our mailing list