ATLANTA: City considers higher water bills

http://www.ajc.com/metro/content/printedition/2008/06/11/sewer.html

By David Bennett, The Atlanta Journal-Constitution – Published on: 06/11/08

 

 

Two proposals to raise Atlanta’s water and sewer rates moved forward Tuesday.

One would boost rates 27.5 percent this year followed by three consecutive rate hikes at about 12 percent. The other would impose a 15 percent penalty to make up for water revenue the city has lost through conservation during the drought.

Both moved without a formal recommendation of support but will be considered by the council over the next 20 days as the panel tries to wrap up the fiscal year 2009 budget.

Water utility officials say the increases are needed to continue to pay for the bonds Atlanta is using for the $4 billion program to overhaul its aging water and sewer systems.

If the council approves the conservation penalty, utility officials say they can scale it back if the drought ends and water use returns to its pre-drought levels.

 

 

(Our city officials continue to ignore the cries of the people and make decisions that hurt….I’m very dismayed over the future of the low and middle income families living within the city of Atlanta…)

Declining Dollar Hurts Expat Renters

Daily Real Estate News  |   February 21, 2008

The declining dollar is making it more expensive for Americans to rent homes in the centers of world commerce.
Rent for a two-bedroom, unfurnished apartment in a neighborhood that residents consider good, but not premium, has escalated about 3 percent to 6 percent in the last year while the dollar has declined a record amount, leaving many renters facing what feels like a 30 percent rental increase.

Here are the top-10 most expensive city housing markets in the world:

Hong Kong, $6,398 a month
Tokyo, Japan, $4,102
Moscow, $4,000
New York City, $4,000
London, $3,889
Seoul, $3,425
Geneva, $2,840
Beijing, $2,840
Paris, $2,634
Osaka, $2,564

Source: Forbes, Matt Woolsey (02/12/2008)

Now, I don’t know where these people live, but when I lived in NY- I did not pay $4000 a month! LOL