CBC story here:
https://www.cbc.ca/news/canada/nova-scot...al-with-growing-budget-deficit-1.7526699
A snippet from the CBC piece:
Quote:
Halifax Water is asking the Nova Scotia Regulatory and Appeals Board to approve rate increases for the next two fiscal years to make up for what it's calling a "significant budget deficit."
In a release Monday, the utility said it's asking for a 16.2 per cent increase in the average residential bill in the 2025 fiscal year, which began April 1, and an additional 17.6 per cent increase in the 2026 fiscal year.
According to Halifax Water, that means the average yearly residential bill would increase by $148 in 2025-26 and an additional $187 in 2026-27.
The increase is required to address an anticipated $18.7-million deficit for the 2024-25 fiscal year and a projected $34.1-million deficit in 2025-26, the utility said.
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This seems a pretty stiff increase for an agency that has largely kept rates stable for years. Given their mismangement in recent times, one hopes that the UARB takes a hard line and doesn't just rubber-stamp this.
Threaded Mode