December 22, 2014
LAS VEGAS (AP) - Officials with the Southern Nevada Water Authority have approved a rate hike starting in January in an effort to pay off more than $3 billion in construction debt.
Commissioners voted unanimously Thursday to phase in the new rates by 2017.
Customers' bills will vary widely depending on how big the property's water line is and how much water they're using. The monthly bill for an average, single-family home will rise by about a dollar in each of the next few years.
The increase is expected to reel in about $45 million dollars a year by 2017. That's meant to pay down debt payments that are expected to reach $239 million a year in four years.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.