This is one of our most asked questions. The debt service charge on your billing is the part that pays for the all the loans (or debt) of the Authority. The initial loan to construct the system was a 40 year loan for over $8 million. System improvements that require the Authority to borrow money are paid for with the debt service charge collected on
The second most asked question is “when will the loan be paid and the debt service be removed from the billing?” As previously explained, the initial loan was a 40-year loan (2033). Our recent plant upgrades were funded with a 30-year PennVest Loan (2056). As upgrades and improvements are required, loans will likely be required. Debt service will likely always be part of the billing.
