LAS VEGAS — The Las Vegas Valley Water District Board of Directors this morning will consider approving a rate increase proposed by the Southern Nevada Water Authority to pay for critical water infrastructure.
The meeting will be at 9 a.m. at the Clark County Government Center Commission Chambers.
Recommendations include gradually increasing the infrastructure charge, which is based on meter size, and increasing the SNWA commodity charge by 4 cents per 1,000 gallons in 2014 (steadily increasing to 18 cents per 1,000 gallons by 2017).
If approved, a typical residential customer with a 5/8-inch meter will see an increase of $1.04 on their monthly bill starting in January, increasing to $4.91 in 2017.
SNWA’s debt is scheduled to increase by nearly $100 million over the next three years – nearly 70 percent of SNWA’s total budget is related to capital projects.
The majority of this debt includes projects constructed in the 1990s and 2000s to provide a safe and reliable water supply to Southern Nevada, and include a new high-tech water treatment facility, lateral transmission lines, the third intake, and more.
— From news release