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The City Council's Finance Committee on Monday unanimously approved the mayor's two-year plan to offer nearly $2.4 million in financial relief to homeowners and business owners drowning in water bills tied to leaks in underground service lines repaired on or after Jan. 1, 2023. The measure could be passed by the full Council next week.
Eligible property owners will then receive a credit to reduce the amount of the water bill during the leak to the average amount of that customer's bill without the leak. The two-year pilot program is expected to cost the city $572,000 to administer and nearly $2.4 million in lost revenue. It's open to all customers, regardless of income, with a catch: If the eligible customer has a past-due balance, they must pay it in full or enroll in a payment plan.