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A couple of months ago the LA Department of Water and Power GAVE the city of LA $73 in "excess" funds.
Now the DWP needs to raise rates to do their job.
This is how LA becomes an un affordable city. "Under a spending plan DWP Interim General Manager Austin Beutner presented to the Board of Water and Power Commissioners last week, the city- owned utility would raise water rates by 4-6 percent for Tier 1 customers and 6- 8 percent for Tier 2 customers, starting Jan. 1.
Meanwhile, a hike of 0.6 cents per kilowatt hour equal to a nearly 5 percent increase in power bills approved by the board and City Council a few months ago will take effect July 1."
Corruption and tax increases have many forms, this is one of them.
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Now the DWP needs to raise rates to do their job.
This is how LA becomes an un affordable city. "Under a spending plan DWP Interim General Manager Austin Beutner presented to the Board of Water and Power Commissioners last week, the city- owned utility would raise water rates by 4-6 percent for Tier 1 customers and 6- 8 percent for Tier 2 customers, starting Jan. 1.
Meanwhile, a hike of 0.6 cents per kilowatt hour equal to a nearly 5 percent increase in power bills approved by the board and City Council a few months ago will take effect July 1."
Corruption and tax increases have many forms, this is one of them.
More...