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447 <br /> <br />Ma~2, 1989 <br /> <br /> Public Utilities <br /> <br /> With the transfer of the Sewage Treatment Plant this past <br />July'tootle ~ampton~oad,s Sanitation DistriCt (MRSD)~, the Public <br />Utility Fund~is continuing to adjust to~th~ toss_of -the revenue <br />which was derived from this facility. The continued use of the <br />funds retained earnings fo~ both operating ~n~ ~apital <br />expenditures remalns'a necessity. <br /> <br /> In order to eventually eliminate this use of retained <br />earnings for operating purposes, I am recommending a moderate <br />increase for the water rate and sewage dispOsal.rate as shown <br />bel,o~: -~:~ . ~ <br /> <br />Component <br /> <br />Water Rate <br />Sewage Disposal <br /> <br />Present Rate <br /> <br />$1.40/1000 gal. <br /> 0.7085/1000 gal. <br /> <br /> ,.,Impact on <br /> Bi-Monthly <br />Pr__~9_posed Rate Bill <br /> <br />$1.45/~t000 gal, $0.56 <br /> 0.8288/'1000 gal. 1.35 <br /> <br /> Totals $1.91 <br /> <br /> ~ne average <br />of approximately <br /> <br />residential~customer will experience an.increase <br />$1.00 per mo.nth based on consumptio,n, <br /> <br />Employee Benefits <br /> <br /> Are~iew of <br />reflects a 4.4% <br />placed upon the <br />funding sufficie <br />living. Accordi <br />increase to be i <br />3.55% increase b <br />Virginia SuppLem <br /> <br /> By contract <br />our two health m <br />increase on July <br /> <br />the C, orrsume~ Price Index for the.pas~ year <br />increase. However, with the financial,constraints <br />)udget and taxpayer, I am unable to recommend <br />~t to completely offset the increased cost of <br />%gly, I am/recommending a 3% 'cost of living <br />nplemented ~October 1. Retirees wi,ll receive a <br />,~ginning July 1. This figure is the same as the <br />,~ntal3Retirement System's increase. <br /> <br />]al relationships with-Blue Cross/Blue Shield and <br />~intenance organizations, medical rates w~ll <br /> 1. In order to keep employees fro~'experiencing <br /> <br />a reduction in t~ir paychecks, I have included~suEficient.funds <br />for~the City to adsorb the employees' cost increase from July 1 <br />October 1. <br /> <br /> I am acutely aware of the dedication of Portsmouth City <br />employees an~ fegl that they have served the City Council and the <br />citizens of ~he City, not only well, but second to none. <br /> <br />Conclusion <br /> <br /> I feel that this budget reflects the financial integrity <br />necessary to con~in~e to see Portsmouth move forward in the re~i <br />and the Commonwe~ltn. Even though revenue increases and spending <br />cuts are necessary at the present time, it does not re~lect <br />negativelyl on ou~ economic future and vitality. This budget <br />brings expenditures and revenues completely into balance and <br />provides a sound fiscal basis for our continued success. Indeed, <br />as Mayor W~bb concluded in her presentation of the State of the <br />City, "The Sun's Beginning To Shine In Portsmouth". <br /> <br /> <br />