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PSA holds rates
Tuesday, April 22, 2014
By BULLETIN STAFF REPORTS -
The proposed fiscal 2015 Henry County Public Service Authority (PSA) budget includes no rate increase for customers.
PSA General Manager Tim Hall presented the proposed budget to the PSA Board of Directors on Monday. It totals $12,326,536, which includes $4,099,880 in capital projects and debt payments, according to a PSA news release and the budget summary.
This compares with a fiscal 2014 budget of $12,063,969, which included $3,906,930 in capital projects and debt payments.
Residential rates are proposed to remain at $30 a month for a minimum of 4,000 gallons of water and $30 a month for sewer service, which is based on water use.
PSA employees will see no pay raises other than the state-mandated 1 percent bump that employees must allocate to the Virginia Retirement System, according to the release. This actually results in less take-home pay for employees, it said.
The budget projects an increase of 8 percent in health insurance costs. To help mitigate future insurance costs, Hall recommended that the PSA work with Henry County and the school system to become self-insured, the release states.
The proposed budget includes $350,000 to start a major two-year initiative to upgrade meters and suggests new eligibility standards for the senior citizens discount program. Customers who enroll in the discount program before July 1, 2014, can remain in the program at their current discount until they are no longer a customer at their current location, the summary states.
Also, only new customers with verified disabilities will be eligible for the discount program. The age of a new customer will no longer be a factor in receiving the discount, the summary states.
A work session on the PSA budget will be at 5:30 p.m. Monday in the fourth-floor conference room at the Henry County Administration Building. The PSA board will consider adopting the proposal on May 19.