The Iola City Council’s approval Monday of a series of water rate increases was the latest in a yearslong effort to drum up more revenue for the water fund.
The Council voted 6-1 Monday to implement a 10% hike effective May 1, plus another 10% increase in 2021 and a 5% hike in 2022.
The goal is to get the water fund solvent enough to continue the city’s annual $689,000 bond payments for the water plant’s construction. The bond payments have been made annually since 2005, and will expire after 2025.
