Plan includes no rate increases
HENRY COUNTY, Va. – The Henry County Public Service Authority’s Board of Directors unanimously approved the fiscal year 2018-2019 budget at a work session Monday. For the fifth year in a row, the approved budget includes no rate increases.
The budget totals $13,095,161, which includes $4,578,426 in capital projects and debt payments. This compares with the fiscal year 2017-2018 budget of $12,723,858.
Residential rates are proposed to remain at $30 a month for a minimum of 4,000 gallons of water and $30 a month for sewer service, which is based on water use.
“The budget demonstrates our continued commitment to responsible financial management,” said Gerald Lawicki, PSA Board Chairman. “It allows us to fulfill our day-to-day mission of providing quality water and sewer services to our customers without having to raise rates.”
The budget includes a two percent cost of living raise for PSA employees. Additionally, the budget document calls attention to the fact that the PSA has been able to control the cost of providing employee health insurance - increasing only one percent in the last four year.
During the next fiscal year, the PSA will continue its efforts to complete the Redd Creek waterline, expand the Philpott Water Treatment Facility, and replace service lines in the Fieldale area.
Copies of the PSA Budget are available through the General Manager’s Office at the County Administration building and on the website at www.henrycountyva.gov.