Storm water rates forecast to rise faster than others in Lubbock - KCBD NewsChannel 11 Lubbock

Storm water rates forecast to rise faster than others in Lubbock

By James Clark - email

LUBBOCK, TX (KCBD) - Lubbockites should prepare for rate hikes in the next four years, according to a financial report released Thursday.  Between 2012 and 2016 Lubbock will spend about $410 million for capital improvements according to a bond rating company called Fitch. 

The report says, "Future projected rate increases through fiscal 2015 range from 10% - 12% for water and 15% for wastewater." 

It also says, "Storm water rate increases are also significant, ranging from 22% - 50% in annual hikes in fiscal years 2010 - 2012."

The purpose of the Fitch report is give potential investors information about the City of Lubbock's upcoming sale of municipal bonds worth nearly $150 million.  The city's bond rating for the sale later this month is AA+, which is considered to be a strong rating.

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Texas gang member executed for killing girl, grandmother

    Texas gang member executed for killing girl, grandmother

    Wednesday, April 25 2018 12:55 AM EDT2018-04-25 04:55:40 GMT
    Thursday, April 26 2018 1:23 AM EDT2018-04-26 05:23:56 GMT
    (Texas Department of Criminal Justice via AP). This undated photo provided by the Texas Department of Criminal Justice shows Erick Davila. Attorneys for the Texas death row inmate want the U.S. Supreme Court to halt his scheduled execution this week fo...(Texas Department of Criminal Justice via AP). This undated photo provided by the Texas Department of Criminal Justice shows Erick Davila. Attorneys for the Texas death row inmate want the U.S. Supreme Court to halt his scheduled execution this week fo...
    Attorneys for a condemned Texas prisoner are asking the US Supreme Court to halt his execution for killing a young girl and her grandmother in 2008.
    Attorneys for a condemned Texas prisoner are asking the US Supreme Court to halt his execution for killing a young girl and her grandmother in 2008.
  • Macron resists Trump's 'America first' in speech to Congress

    Macron resists Trump's 'America first' in speech to Congress

    Wednesday, April 25 2018 11:30 AM EDT2018-04-25 15:30:41 GMT
    Thursday, April 26 2018 1:22 AM EDT2018-04-26 05:22:26 GMT
    (AP Photo/Pablo Martinez Monsivais). French President Emmanuel Macron gestures as he is introduced before speaking to a joint meeting of Congress on Capitol Hill in Washington, Wednesday, April 25, 2018.(AP Photo/Pablo Martinez Monsivais). French President Emmanuel Macron gestures as he is introduced before speaking to a joint meeting of Congress on Capitol Hill in Washington, Wednesday, April 25, 2018.
    French President Emmanuel Macron extolled the "special bond" between the United States and France during his speech in front of a joint meeting of Congress.
    French President Emmanuel Macron extolled the "special bond" between the United States and France during his speech in front of a joint meeting of Congress.
  • Trump lawyer says he'll plead the Fifth in porn actress case

    Trump lawyer says he'll plead the Fifth in porn actress case

    Wednesday, April 25 2018 7:08 PM EDT2018-04-25 23:08:55 GMT
    Thursday, April 26 2018 1:22 AM EDT2018-04-26 05:22:14 GMT
    Michael Cohen appears in front of members of the media after a closed door meeting with the Senate Intelligence Committee last year. (Source: AP Photo/Andrew Harnik)Michael Cohen appears in front of members of the media after a closed door meeting with the Senate Intelligence Committee last year. (Source: AP Photo/Andrew Harnik)

    President Donald Trump's personal attorney says he'll exercise his constitutional right against self-incrimination in a lawsuit brought by a porn actress who said she had an affair with Trump.

    President Donald Trump's personal attorney says he'll exercise his constitutional right against self-incrimination in a lawsuit brought by a porn actress who said she had an affair with Trump.

Powered by Frankly