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Rate increases 'vital' to L-EWA operations
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The message to the Lugoff-Elgin Water Authority (L-EWA) from its auditors: a consistent, gradual rate increase is basically vital to maintain operations. “I really don’t know how you can operate without raising rates on a fairly consistent basis,” said Terry Hancock of Sheheen, Hancock and Godwin during an L-EWA board of directors meeting earlier this month. In 2012, the authority’s debt service requirement jumps from a total of $1.98 million to $2.3 million, which led Hancock to say a steady increase makes more sense than a large hike at one time.