The complete question:
When all the CFPUA projects are finished and paid for with rate increases, will we see rates drop back down since the extra money will no longer be needed. Or will rates stay high since the CFPUA will think the public will be used to the high rates or will the money just go into the CFPUA coffers to give raises and bonuses to the CFPUA leaders as a pat on the back for their great job.
And the answer:
Rates for Cape Fear Public Utility Authority customers are unlikely to decrease in the near future, according to Carey Disney Ricks, a spokeswoman for the authority.
“As our system ages, we will see more need for repair and replacement projects,” Ricks said via email. “It may be extremely difficult to define the necessary time and associated costs to ‘finish all the CFPUA projects’ in such a dynamic system. There were hundreds of millions of dollars in critical projects identified long before the formation of CFPUA and our only revenue source to fund these projects is through user fees and rates.”
Ricks added that since the formation of the authority, most CFPUA employees have not received pay, merit or cost-of-living raises or bonuses. The exception, she said, is “those individuals whose positions were reclassified and the additional duties warranted a pay increase, or those that applied for and were promoted to another position within the Authority that paid more.”
Date posted: April 3, 2012
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