AlexRenew Approves Fiscal Year 2023 Budget to Support Healthier Waterways
Fiscal Year 2023 Budget
On May 17, 2022, AlexRenew held a public hearing to present its proposed budget of $221.4 million for Fiscal Year (FY) 2023, beginning July 1. The budget, formally adopted by the AlexRenew Board of Directors, includes $30.4 million of operating funds and a $123.6 million capital investment in its RiverRenew program. RiverRenew will prevent millions of gallons of combined sewage from polluting the Potomac River, Hunting Creek, and Hooffs Run each year, creating safer, cleaner, healthier waterways for the community, wildlife, and future generations.
Previously Adopted Rate Adjustment
In July 2021, AlexRenew adopted a two-year sewer rate adjustment to help fund the mandated RiverRenew program and support upgrades at our wastewater treatment facility to purify wastewater 24/7/365. Per the adopted two-year rate adjustment, sewer rates will increase by 6.5 percent starting on July 1, 2022. An average residential customer may see a difference of about $3 per month for this increase, an average increase of about $36 per year.
This is the second rate increase in support of RiverRenew. Future additional rate increases are anticipated to pay for RiverRenew program debt service.
Check out our Frequently Asked Questions section for additional information, and learn more about RiverRenew at riverrenew.com. If you do not see your question addressed there, please contact us directly at email@example.com or (703) 721-3500.
Review the May 7, 2022 Public Hearing meeting materials.
Click the links below for information on AlexRenew’s previous rate adjustments:
• 2019 Rate Adjustment
• 2020 Budget Modification
• 2021 Rate Adjustment