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Sewer district officials avoided having a second rate increase this year, but they’re telling customers to expect rate hikes during the next five years.
Members of Oldham fiscal court reviewed the Oldham County Sewer District’s budget Tuesday and approved a revenue option that doesn’t include an increase in rates but does include debt refinancing.
The court also approved a resolution allowing the district to refinance a $7.04 million general obligation bond so the court can assume it, however, the debt payments will still be paid by the sewer district.
In January the district raised rates by 25 percent.
Rob Nicholas of Veolia Water – the company that now oversees district operations – said to expect gradual rate increases in the next five years.
Several district projects are planned, including eliminating the Green Valley and Buckner plants – responsible for 35 percent of the district’s violations in 2008 – and repairing overflows at the Ky. 1793 plant.