Monthly power rates will go up by eight percent if Logan City’s proposed 2012 budget is approved by the municipal council on Tuesday, June 21. Finance Director Richard Anderson says one reason for the rate hike is that there are new requirements for cleaner, and greener power. Anderson says green power is more expensive initially.”I think we believe that in the long run if we can buy greener power it will be cheaper,” Anderson explains. “But in the short run it’s going to increase power rates and we’re seeing that volatility. We’re expecting that volatility for not only the coming fiscal years but we also expect it to be volatile for the foreseeable future how we shake out what is the most desirable green power source.”If the budget is approved, city employees will not be getting a pay raise but the pay for the mayor and council members will go up by seven percent.
Free News Delivery by Email
Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!