On December 13, the Hamilton City Council greenlit the 2024 water and sewer budget, incorporating a 10.4% rate hike. This increase is pivotal for sustaining infrastructure, meeting regulatory standards, and fostering community expansion.
The budget aligns with recent provincial regulatory adjustments:
7.65% of the water rate escalation is attributed to new provincial laws diminishing revenue from development charges and adjusting costs due to other regulatory shifts.
The remaining 2.39% of the increase accounts for elevated expenses in delivering water, wastewater, and stormwater services.
Hamilton City is committed to identifying cost-saving methods and operational efficiencies. This commitment ensures optimal resource utilization to uphold and enhance water, wastewater, and stormwater systems, all while alleviating the financial strain on the community.
Read the full press release: CoH Press Release Water Budget
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