May 27, 2014#31To: North Adams City Council Re: Revenue PackageDear Honorable Members:As you know, further down tonight’s agenda I have provided you the FY2015 “DRAFT” budget for referral to FINCOM. With this communication, I am proposing the following revenue package to support the budget as follows: Water Rate increase – 10% from $3.50 to 3.85 per 100 cubic feet
Please know that historically, water rates have been increased every 2-3 years and rates have not increased since FY2011.
ewer Fee increase – 8%....from 42% of water bill to 50% of water bill
The average annual increase by both fees to a 2 person household, will be approximately $35 The average annual increase by both fees to a 4 person household, will be approximately $66
Parking Violations – increase all parking violations
Demand Fees – late fee on excise and tax bills from $5.00 to $15.00
Please note that Parking and Demand fees have not been raised in many years and simply apply to those who either violate parking laws or are past due on payments to the City.
This package is expected to generate approximately $426,500 annually and I am proposing the following adjustments to be effective July 1, 2014.This revenue package is ultimately necessary to support the proposed budget and allows the City to maintain critical services. Without this, significant additional cuts will need to be made. These cuts would represent positions in all sectors to include Public Services, Public Safety and City Hall and our School Department which would have a significant impact on the services we provide.