(a) Homestead Rate. Homestead rates are eligible for single family residential property owned and occupied by a person sixty-five (65) years of age or older whose total annual income does not exceed the annual income limits set by the Director of Public Utilities starting with the 2024 year with an annual income of forty thousand eight hundred dollars ($40,800.00). Income limits shall increase annually based on the Consumer Price Index (CPI) annual inflation, but shall not exceed three percent (3%) annually. Eligible properties approved shall be charged the homestead rate established for the service district in which the homestead is located under Section 535.04 of these Codified Ordinances. The Director of Public Utilities shall prescribe the application form for the homestead rates and have final approval of all applications.
(b) The Director of Public Utilities may establish an affordability program to provide assistance to eligible low-income customers. The program will offer rates equal to the Homestead Rate with an annual income that does not exceed two hundred percent (200%) of the Federal Poverty Income Guideline Level. The Director of Public Utilities shall set the guidelines for administering the affordability program and have final approval of all applications.
(Ord. No. 446-2024. Passed 6-3-24, eff. 7-3-24) (BOC Res. No. 347-24. Adopted 7-24-24)