Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, March 18
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Statement from Mullan spurs new direction for stormwater utility rate – Newton Daily News
    Utilities

    Statement from Mullan spurs new direction for stormwater utility rate – Newton Daily News

    July 20, 20244 Mins Read


    Newton City Council is taking a new direction for the proposed stormwater utility rate increase after a council member lobbied for an option that he argued would better address issues residents faced during the floods back in May, but in doing so he re-started the whole process and the matter won’t finish until September.

    Council members were about to take action on the second consideration of the city’s second attempt to increase the stormwater utility rate for all property owners. The proposal was to increase it by 6 percent starting in 2025, then 4 percent in 2026 and 2027 and 3 percent in 2028 and 2029.

    Currently, the stormwater utility rate — which is included in resident water bills — is set at $4.50 per equivalent residential unit (ERU). In most cases, homes are set at one ERU. Under the proposal that was up for council approval this week, the ERU would increase to $5.47 at the end of the five years.

    However, that option is now off the table after newly appointed council member Steve Mullan made a motion to revert back to another option of a flat $0.25 increase per year for five years. This option would see the ERU increase to $5.75 at the end of the five-year period, giving the city more funds to address issues.

    Which was at the core of Mullan’s statement that he read aloud to fellow council members. He mentioned that he was not on the council when the matter was initially discussed in June. By that time Vicki Wade was still on the council. It was her “no” vote that caused the initial proposal from the city to fail in a 3-3 vote.

    Back then the proposal was a 5 percent increase every year for five years, which also increased the ERU rate to $5.75 by the fifth year. Despite the council making multi-year agreements in the past, some disagreed over the five-year lock-in of the rate increase. Others decried the higher financial burdens to businesses.

    Mullan said the city’s stormwater utility rate and its inflow and infiltration (I&I) program are critical to improving Newton infrastructure.

    “I do support the current plan; however, I am aware of too many homes with infiltrating water and back-up sewage damage,” Mullan said. “The destruction which this causes creates stress, a mess and destroyed property. Those with insurance are fortunate. Those without are not.”

    As a result of these severe weather events, Mullan claimed companies have raised rates and deductibles or dropped customers altogether. He said this leaves homeowners scrambling for a replacement or agree to pay a higher premium. Mullan argued the water problems are not going away.

    Nor are the increasing costs to fix them. Mullan hopes the city can continue funding I&I and charge what is necessary to tackle Newton’s stormwater problem that has been “too long neglected.” Mullan then made the motion to change the rate increase to the $0.25 per year for five years.

    Matt Brick, the city’s attorney, notified council that if it went this route it would start the process over. Which means that when city council members meet again the first Monday in August they would vote whether to pass the first of three considerations on this new proposal.

    “I think we need to be honest with the customers, who are our citizens and ourselves,” Mullan said. “We have a major problem. We need to deal with it. We don’t need to underfund. If nothing else, we need to be on top of it and mitigate it as quickly as we can.”

    Mullan’s motion passed in a 4-2 vote, with council members Randy Ervin and Mark Hallam voting no.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Price Skyrockets To $66,000 Amid Global IT Outage
    Next Article This Week in Coins: Trump Fuels More Meme Coin Mania as Bitcoin Regains Strength

    Related Posts

    Utilities

    Defensive Sectors: Are Utilities, Staples, and Health Care Signaling Trouble?

    March 16, 2026
    Utilities

    UK’s water utilities may finally be worth a dip

    March 11, 2026
    Utilities

    Unitied Utilities’ £260m aqueduct works reach Hatchmere

    March 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Stock Market Today LIVE: Sensex jumps over 300 points, Nifty 50 above 25,550; PSU banks, metals rally; IT stocks drag

    February 19, 2026
    Bitcoin

    Bitcoin under pressure as oil spikes 6%. What’s next?

    March 1, 2026
    Property

    China’s first data dump of 2025 beats expectations

    March 17, 2025
    What's Hot

    S&P/TSX composite gains more than 100 points Wednesday, U.S. stock markets also rise

    October 16, 2024

    Not just gold, fertilizer, a major contributor to India’s trade deficit

    November 24, 2025

    What Will Shape The Stock Market Today? Gift Nifty Signals Weak Open As Bulls Pause Amid Rising Volatility; Check Sensex And Nifty Outlook

    February 15, 2026
    Most Popular

    China confronts contradictions – Moneyweb

    October 29, 2025

    South Africa’s Sygnia Urges Caution on Bitcoin ETF Exposure

    September 22, 2025

    ProShare Advisors LLC Has $295,000 Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

    July 27, 2024
    Editor's Picks

    Why Bitcoin Billionaire Arthur Hayes Expects BTC to Hit $200K by March

    December 21, 2025

    China to overhaul housing market

    June 22, 2025

    Bitcoin faisant face à la «gueule de bois» après la «plus grande pompe de l’histoire», dit Mike McGlone de Bloomberg

    April 14, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.