New Water Rates for 2021-2022
The North Carolina Rural Water Association has studied the Town of Nags Head’s water rates and usage for each meter size. Current rates and expenditures were calculated to provide a baseline projection for the current fiscal year. Based on those calculations, capital improvement projects, debt service, and any inflationary or new expenditures adopted in the fiscal year 2021/2022 budget, a projection calculates revenue over expenses. Based on long term planning, including a 10-year capital improvement program, the rate ensures revenue covers expenses, as required by North Carolina’s Local Government Commission. As a result, a 5% water rate increase to the minimum water rate (including up to 3,000 gallons) and volumetric charges (tiered rates based on gallons used over 3,000) are included in the new budget effective July 1, 2021, to meet operating expenses, debt service, and capital improvements approved by Nags Head's Board of Commissioners.
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