Section 7. 1994-1998 City Utility Revenue
Utility operating revenue from sales and service fees increased from $569.6 million in 1994 to $647.7 million in 1998. This represents an average annual increase of 0.3% more than inflation. Stated in terms of the cost burden on Seattle residents, the 1998 average residential monthly bill from City Light was $36.33, and the average single family residential monthly bills for water, solid waste, and drainage/wastewater were $14.65, $20.35, and $27.89, respectively. City Light revenue increased from $335.1 million in 1994 to $363.9 million in 1998. This rate of growth in revenue was an average of 0.9% per year less than the general inflation rate. City Light rates increased each year from 1994-1996, then decreased in 1997 and 1998. Water revenue increased from $62.6 million in 1994 to $82.8 million in 1998. This rate of growth in revenue was an average of 4.3% per year greater than the general inflation rate. Water rates increased each year in the 1994-1998 period. Drainage and Wastewater revenue increased from $102.0 million in 1994 to $120.7 million in 1998. This rate of growth in revenue was an average of 1.3% per year greater than the general inflation rate. Drainage and wastewater rates increased each year in the 1994-1998 period. Solid Waste revenue increased from $69.8 million in 1994 to $80.2 million in 1998. This rate of growth in revenue was an average of 0.5% per year greater than the general inflation rate. Solid Waste rates have not increased since 1994, but increased commercial and transfer station tonnage has resulted in increased revenues. |
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