A 2% rate increase in utilities could be on the way for the City of Regina.
The proposed rate increase was announced Friday morning at Regina City Hall.
Barry Lacey, Executive Director of Financial and Corporate Services, says despite the rate increase, Regina still has comparable rates to other cities in Western Canada.
“I would say that the average utility bill for an average residence is fairly consistent with other large cities across Western Canada (such as) Calgary, Edmonton, Winnipeg,” Lacey says. “That’s taking into account our water source is not close to the city, it needs to be pumped in from Buffalo Pound.”
The increase would take effect January 1st, 2018 if approved by City Council, who will vote on the increase at the next council meeting.
Chris Holden, Manager of the City of Regina, says a 2 percent increase is still fairly low.
“For the average home owner, this will mean an increase of approximately $2.70 per month,” Holden says. “This is the lowest utility rate increase for Regina in over a decade.”
The 2% increase would allow the city to generate just under 133 million dollars in revenue, the majority of which will go towards paying expenses related to providing the utility services.