COMMUNITY: Speedway Town Council votes tonight on proposed water and wastewater rate increase

Speedway Town Council will vote tonight on the proposed water and wastewater rate increase that was introduced to Council January 10, 2022. Customer comments were received January – February, with a public hearing being held February 28.

Tonight’s Town Council meeting takes place at 7 p.m. at the Speedway Municipal Center. If you are not able to attend, you may join the meeting via livestream at https://youtu.be/a6ll9f2Laqo.

If approved, the proposed increase would fund capital improvements while allowing the Town to remain current with the costs of operating both the water plant and sewage treatment processing facility. The Speedway Wastewater Treatment Plant was built in 1954, with Speedway Water Works following in 1965. Both facilities are operating with the original equipment. The Town has not increased rates since 2011. This rate increase also will ensure Speedway remains in compliance with federal and state mandates related to water and wastewater processes and would avoid the costs of inaction due to significant fines and penalties.

As previously shared, proposed 37 percent rate increase amounts to an additional $14.30 per month for residential users who use 4,000 gallons or less of water monthly. If approved, the rate increase would take effect June 1, and the first bill with the increase due in August.



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