Cleveland City Council approved an ordinance that freezes Cleveland residential water rates for three years, Cleveland Water reports.
Average residential customers will see an increase of $1.30 to $2.60 per month beginning in 2019.
To help understand how unprecedented this is, we looked back several years, and found from 1993 to 2015, on average, rates went up about 7% per year. We are excited we have been able to minimize the impact on our customer’s pocketbooks, all while protecting the long term financial position of Cleveland Water so that future rate increases can be minimized as well.
