New Rockford Transcript - Official Newspaper of Eddy County since 1883

City water rates likely to rise, but by how much?

City Commission considers repayment options for infrastructure project

 

January 14, 2019

Ashley Schuster

Repayment of the $4.8 million loan approved by USDA-Rural Development for the City of New Rockford's water infrastructure project was discussed at the Jan. 7 commission meeting. The general consensus of the commission was to avoid special assessments for the project. Instead, commissioners reviewed calculations from Ritzke for increasing monthly water utility rates and/or using sales tax revenue. Ritzke said an additional $34.11 per month per user would be needed to repay the entire debt by increasing user fees alone.

Another scenario involves taking $15,000 per year from local sales tax g...



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