Lexington Town Council members on Monday night finalized a water and sewer rate increase that goes into effect July 1.
A review of the town’s rate schedule and anticipated growth led to the recommendation of a 2.5 percent increase. The rates will continue to be adjusted with a 2.5 percent increase for the four years.
The increase is across the board, but Mayor Steve MacDougall said in-town customers can expect an average increase of a 1.74 percent.
Town Administrator Britt Poole said revenue from the rate increase will allow the town to fund Capital Improvement Plan projects like larger lines and pump stations.
No residents spoke during the public hearing for the rate increases, but Councilman Todd Carnes said he had heard some concerns from homeowners. He said the gradual changes versus one large increase are a better way to address coming growth and that most customers would see less than $2 more on their monthly bill.
“Fiscal responsibility demands that you take on some small, incremental increases … Water is going to cost more in 10 years,” he said. “This will set us up to win in the future.”
Final reading of the increase passed with Councilwoman Kathy Maness opposing.
Poole said customers can contact the town’s finance department with questions or concern over high usage and that a meter technician will be sent to check for leaks.