Results tagged “rate”

A proposed LADWP rate hike on customers who do not conserve water was unanimously rejected by the LA City Council today. If passed, the proposal would have gone in effect this summer forcing users to reduce usage to under a certain amount (on average, 15% less) or have significantly higher rates. The council's consensus was that they had not enough time to fully study the motion. "City water department officials say that 85% of single-family homeowners and 94% of low-income residents would not see an increase in their water rate or would even pay less under the proposed ordinance," reported the LA Times.

As gas prices hit all-time highs, so is the Internal Revenue Service's mileage rate standard, which is currently 50.5 cents. Next Tuesday, it will be raised to 58.5 cents, a move that is usually saved for the Fall, but like with Hurricane Katrina when gas prices spiked, the IRS made a mid-year adjustment, which will last through the end of the year. Current gas prices in Los Angeles have been averaging out to a steady $4.621 for a gallon of regular gas.