MASON CITY – The Mason City Council will review the city’s preliminary Capitol Improvement Budget at a work session Tuesday night at 6 PM at City Hall.
According to a work session packet, water rates could rise by $15.24 per year for the average user.
Also according to city hall documents, nearly all the streetlights in the downtown area are set to be replaced, costing the city $1.115 million. “Everything inside the old loop,” said City Finance Director Kevin Jacobson today via phone. General obligation bonds would be used to pay for the project if it makes the final budget. G.O. bonds are debt, Mr. Jacobson confirmed.
Documents also show that a 1% rate increase for sanitation may be required to cover expenses. The sanitation pick-up rate is $9.60 currently. In 2014, a projected rate would be $9.70 per month.
See the work session packet here.