Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, June 9
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Cape to raise utility charges 11% per year | News, Sports, Jobs
    Utilities

    Cape to raise utility charges 11% per year | News, Sports, Jobs

    July 19, 20242 Mins Read




    A utility rate increase of 11% a year for the next three years was approved by Cape Coral City Council Wednesday.

    Finance Director Mark Mason said the resolution approved, 222-24, updates water, sewer and irrigation rates as well as incidental fees.

    The utility rate adjustments will begin Oct. 1.

    According to city documents, “the rate adjustments necessary to operate the system and provide for debt service based on information available at that time include rate increases for both capacity and commodity charges of 11% per year for three years for the first bill period after Oct. 1, 2024.”

    Following that meeting, Mason said the city provided notice to all the property owners that the public meeting on the matter was being held on July 17.

    The monthly capacity charge is for all customer classes ranging in meter sizes from 5/8 inches — $20.59 to 10 inches — $2,369.24.

    The residential commodity charge per thousand gallons is as follows as of Oct. 1:

    • 0-5,000 gallons – $4.41

    • 5,001-10,000 gallons – $6.60

    • 10,001-15,000 gallons – $8.81

    • 15,001-20,000 gallons – $12.11

    • 20,001 plus gallons – $15.52

    Mason said the irrigation rate remains at $9.50.

    Those rates will again increase in 2025 and 2026, each by another 11%.

    Mason said the other change is for site non-compliance meter installs.

    He said the city established a rate based on the feedback from the industry and community regarding adjustments on how to go about applying for a meter install.

    Mason said the process will hopefully get the meters out to the properties in a 10-day period, instead of sometime in a three-month period. He said there will be 50% of the meter install if the city goes to install within the 10 days.

    The increases drew some criticism.

    A resident spoke and said he is disabled, on Social Security and is a widower. He said his highest bill is his water bill, as his house is paid for.

    “The water bill is outrageous. We can’t afford it,” the resident said.




    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAverage Stock Market Return Over the Past 10 Years
    Next Article Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says

    Related Posts

    Utilities

    What Is the Vanguard Utilities ETF, and Who Should Buy It?

    June 5, 2026
    Utilities

    UK Utilities Risk Report 2026 – Cyber Deep Dive

    June 5, 2026
    Utilities

    Intelligent Perimeter Protection for Utilities: Enhancing Security Through AI, Radar, and Resilience

    June 4, 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
    Commodities

    Commodities are having a standout 2026, and this ETF has momentum on its side

    March 9, 2026
    Bitcoin

    Banks Quietly Accumulate Bitcoin While Retail Panic Sells

    January 10, 2026
    Bitcoin

    Bitcoin price surpasses $68,000 as traders eye $100,000 by June 30: FT

    April 5, 2026
    What's Hot

    Bitcoin Price Eyes $150K as Trump Calls for 100 BPS Rate Cut

    September 10, 2025

    Trump’s Financial Disclosures Reveal Lawsuit Debts and Cash Grabs

    August 16, 2024

    Higher Bitcoin ETF Options Limits May Cut Volatility, but Boost Spot Demand: NYDIG

    August 3, 2025
    Most Popular

    Stock market: Sensex slips 192 pts, Nifty below 25,750; Bajaj Finance, IndiGo lead losers

    January 19, 2026

    How Much Do Regulations Impact the Utilities Sector?

    May 15, 2015

    Birmingham was never bankrupt, say finance experts

    October 31, 2025
    Editor's Picks

    The Blockchain Group ​​s’offre une seconde vie en Bitcoin

    May 6, 2025

    Stock Market Watch This Week: Trump’s 15% Global Tariffs, GDP Numbers To Drive Trade | Markets News

    February 22, 2026

    Dow Jones Today | US Stock Market LIVE Updates: US stocks, bonds fall as war shows no signs of easing

    March 20, 2026
    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.