COLORADO SPRINGS — Residents in District 5 of Colorado Springs came together Tuesday night to voice their concerns about a proposed utility rate increase.
We've reported that Colorado Springs Utilities (CSU) customers could be paying about $80 dollars more a month in 2029 compared to their current bills.
Proposed utility rate increases by CSU will increase your bill
CSU Board Member, Nancy Henjum, was at the town hall Wednesday night to listen to people's concerns. CSU says it needs more money to pay for infrastructure to accommodate for the city's growth and state regulations.
"They're talking about a massive increase and not a lot of families can handle that right now," said Michael Quinlan who lives in Colorado Springs.
If the increase is approved by city council, it's expected to take effect on January 1, 2025.
___
Is it 'truly' affordable to live in Colorado Springs?
How easy is it to find an affordable home? If someone earns $51,000 a year and a third of their income goes to rent, they would need to find an apartment for about $1,280 a month. News5's Eleanor Sheahan takes you on a journey searching for this answer.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.