BWL Customers Could See Higher Rates
FOX 47 News
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The Lansing City Council might have come up with a way to avoid the mayor's proposed streetlight and hydrant fees, but the Board of Water & Light customers still might have to pay more.
For the second year in a row, the Lansing City Council is turning to BWL to help get Lansing's budget balanced by asking for an increase in equity payments that the utility company pays to the city.
The proposal would add an additional four million dollars to BWL's revenue payments to the city, in an attempt to help close a five point five million dollar deficit. That would bring BWL's total revenue payments to the city to about twenty million dollars.
This is on the heels of last year's one percent increase that the city handed down to BWL, which raised the rate from four to five percent.
"Over the last two years about ten million dollars in extra revenue will be paid by the Board of Water & Light to the city of Lansing," said Steve Serkaian, a BWL spokesperson.
"This is unanticipated revenue that the board pays the city."