To the Editor:
This is concerning the article in the Tuesday, Aug. 20, edition of The Columbus Telegram about “Sewer rates to increase by 60%.” Granted, with a 15 percent hike in each of the next two years and a 10 percent hike in each of the following 3 years, this does add up to 60 percent.
However, if these rate hikes are applied the way I think they will be applied, by the fifth year, our sewer charge will be 76.1 percent higher than we are paying now. Why, because each year the percent of increase will be applied to the amount from the previous year which includes the previous years increase, and so on.
The only way a true 60 percent increase would be achieved is to apply each of the five years percentage increase to the amount our sewer bill was prior to the first year of the five-year plan. Please correct me if I am wrong.