The county Board of Supervisors Tuesday approved water rate hikes that will cost Malibu and Topanga residents nearly 30 percent more over the next five years and also bump up monthly bills in Marina del Rey, Acton and Val Verde.
The five-year water rate plan presented by the county's Department of Public Works increases rates in four water districts to cover the agency's operating costs, build reserves for emergencies and fund critical infrastructure improvements.
Rates will go up every year during the next five years: an average of 5.3 percent annually in Malibu, 3.1 percent in Marina del Rey, 6.8 percent in Acton and 3.4 percent in Val Verde.
Acton residents may have the biggest sticker shock, as they will see a 13.8 percent increase when the new rates take effect in 2013. That amounts to about $19.50 more on the average bimonthly water bill. Water rates have not been increased in Acton since 1994.
The rate hikes are expected to generate an additional $5.4 million in revenues over the five-year term, with more than 80 percent of new revenue coming from Malibu.