Basin water rates won’t increase |

Basin water rates won’t increase

Ratepayers at Summit County’s Mountain Regional Water Special Service District shouldn’t pay more for water in 2009.

"Mountain Regional is in really fine financial condition," said Summit County Commissioner Bob Richer, who helps oversee the public water company.

Customer rates are the best litmus test for how Mountain Regional is doing financially, Mountain Regional Water General Manager Andy Armstrong said.

"2005 was the last time we raised rates," Armstrong said. "We’re comfortable that we will be able to keep our rates flat for 2009. We met our budget this year and we just aren’t seeing a real big increase in our operating expenses."

Should the economy slide further, Mountain Regional has saved money to service nearly three years worth of dept, Armstrong explained.

"We’re feeling impacts but basically we’ve been real financially conservative during the good years," Armstrong said. "We’re looking like we could withstand a pretty significant economic downturn because we have two to three years of bond payments in reserve."

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