If you live in Albuquerque, there’s a good chance you’ll face water rate increases in coming years. I wrote about this two weeks ago, and the issue comes up again this week in the Albuquerque Bernalillo County Water Utility Authority’s proposed 2013 budget (big pdf):
For Fiscal Year 2013 the proposed budget does not include a rate adjustment. However, looking forward, the Water Authority is facing a critical need to upgrade and repair our aging infrastructure. The Southside reclamation plant is in need of a major renovation with an anticipated cost of $250 million. In addition, due to the backlog of repairs and maintenance, an additional $36 million per year in Capital Implementation Program (CIP) funding is needed to cover the costs of routine replacement of aging pipes, pumps and other infrastructure.
The Water Utility’s board meets Wednesday (pdf of the agenda) at 5 p.m. in the council chambers at Albuquerque city hall.