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Water rates sink

Wednesday, May 2, 2018 by Elizabeth Pagano

The Austin Water Utility has the rarest of good news for its retail customers. As of May 1, rates have gone down for residential, multifamily, commercial and large-volume customers. The average residential customer will see a monthly bill that is $2.40 lower. As a press release from the utility explains, “Refinancing and paying off loans early allowed the utility (to) keep the overall cost down and pass along the savings to ratepayers. Water usage rates were left unchanged in 2017 and then lowered mid-year in 2018. The new current low rates are expected to stay the same through 2018 and 2019.”

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