Strong financial position in 2017
On Tuesday, the Greenville Water Commission approved a five year Capital Improvements Plan and waived the scheduled 3% rate increase on the monthly base charge, consumption rate and private fire protection charge for 2017.
Previous budgets and financial reports predicted the need for 3% annual increases through 2018. At November’s commission meeting Chief Financial Officer Phil Robey presented the latest capital needs and financial plan. Robey’s financial forecasts proved to be sound and solidly in line with financial policies set by the Commission. While increases were assessed in prior years, Commission members felt confident in approving CEO David Bereskin’s recommendation to waive the increase for 2017.
“Management and staff have done an outstanding job of planning and managing budgets. We are very pleased to continue to provide our customers with quality water at an affordable price,” says Chairman Phillip A. Kilgore.
According to an October 2015 survey conducted by the South Carolina Rural Infrastructure Authority, Greenville Water rates are among the lowest in the state.
Greenville Water provides service to nearly 500,000 residents of the Upstate region of South Carolina. Recognizing that water service is critical to the health and well-being of its customers and for the growth and economic vitality of the community, Greenville Water ensures the reliable delivery of high-quality water through careful stewardship of its resources. Greenville Water is committed to providing exceptional service and utilizing safe and effective methods for providing water, while adhering to and surpassing health and safety standards. Governed by an elected Commission of Public Works, Greenville Water is the state’s largest water utility.