The town of Speedway is considering raising water and wastewater rates to fund capital improvements for its aging treatment plants. The town says the funds would also allow it to remain current with the costs of operating the water plant and sewage treatment processing facility.
The town says the proposed 37% rate increase amounts to an additional $14.30 per month for residential users who use 4,000 gallons of water or less monthly. The rate increase would take effect June 1 if approved, and the first bill with the increase would be due in August.
“The Town of Speedway is responsible for providing safe drinking water and effective wastewater treatment processes to the thousands of people who live and own businesses in our community,” said Town Manager Grant Kleinhenz. “Clean and safe water is essential, and we must protect our water supply sources, as well as regularly invest to replace aging infrastructure and support enhanced treatment operations. This proposed rate increase competitively positions the Town’s water and wastewater rates with other area communities, such as Shelbyville and Lawrence.”
The proposal was introduced during the Speedway Town Council’s public meeting on Monday. The town says the last rate increase was proposed in 2011.
The town says both plants are operating with original equipment, now more than 70 years old. The town says the rate increase would also ensure it remains in compliance with federal and state mandates related to water and wastewater processes.
The town council is planning to hold a public hearing at its February 28 meeting.