Wednesday, September 30, 2020

NEWSPAPER PUBLISHED WEEKLY ON WEDNESDAY - WEBSITE UPDATED THURSDAY

Home Archive U.S. Postal Service Announces New Prices for 2014

U.S. Postal Service Announces New Prices for 2014

The United States Postal Service announced on September 25th, the proposed price changes, including an increase in the price of a First-Class Mail single-piece letter from 46 cents to 49 cents. The proposed changes, which would go into effect in January 2014, are intended to produce $2 billion in incremental annual revenue for the Postal Service.

Highlights of the new single-piece First-Class Mail pricing, effective January 26, 2014 include:

  • Letters (1 oz.) — 3-cent rise to 49 cents
  • Letters additional ounces — 1-cent rise to 21 cents
  • Letters to all international destinations (1 oz.) — $1.15
  • Postcards — 1-cent rise to 34 cents

Stamp prices have stayed consistent with the average annual rate of inflation of 4.2 percent since the Postal Service was formed in 1971.

Pricing for Standard Mail, Periodicals, Package Services and Extra Services also will be adjusted as part of a filing to the Postal Regulatory Commission (PRC) scheduled to take place Sept. 26.

The Governors of the Postal Service voted Sept. 24 to seek price increases above the typical annual increases associated with changes in the Consumer Price Index (CPI).

In a letter spread to consumers, Board of Governors Chairman Mickey Barnett described the “precarious financial condition” of the Postal Service and the “uncertain path toward enactment of postal reform legislation” as primary reasons for seeking price changes above the CPI increase. He also pointed out the price adjustment above the CPI increase is necessary to ensure the Postal Service will be able to maintain and continue the development of postal services of the type and quality which America needs.

“The current options available to the Postal Service to align costs and revenues, increasing postage prices is a last resort that reflects extreme economic difficulties,” said Barnett in the letter. “However, if the economic difficulties are lessened by the timely enactment of laws that close a $20 billion budget gap, the Postal Service would reconsider its pricing strategy.”

Except in exceptional or extraordinary circumstances, postage price increases are capped at the rate of inflation as measured by the CPI-U. The Postal Service is filing a price increase above CPI-U because of extraordinary and exceptional circumstances which have contributed to continued financial losses. The Postal Service recorded a $15.9 billion net loss last fiscal year and expects to record a loss of roughly $6 billion in the current fiscal year, and has an intolerantly low-level of available liquidity even after defaulting on its obligation to make prefunding payments for retiree health benefits.

The PRC will review the prices before they become effective Jan. 26, 2014, and must agree the prices are consistent with applicable law. The new price proposals are scheduled to be filed Sept. 26 and will be available on the PRC website at www.prc.gov and also will be available at http://pe.usps.com.

The full text of the Board chairman’s letter sent to postal customers about the pricing decision will be available at the following link:

http://about.usps.com/news/national-releases/2013/pr13_chairman-letter.htm.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

 

Lloyd Green Jr, Editor
Lloyd Green Jr, Editorhttps://williamspioneer.com
Lloyd Green Jr. is the Owner and Publisher of the Williams Pioneer Review. He is dedicated in publishing the news and informing the community of Colusa County. Lloyd has been with the publication since 2008, and purchased the business in 2010. Under his ownership the newspaper has grown significantly in subscriptions, publishes weekly, and obtained the title of Newspaper of General Circulation by the Superior Court of Colusa County in Sept. 2017. Lloyd is also the director of advertising, classified manager, legal notice clerk, and circulation manager. To contact Lloyd, email him at lloyd@colusacountynews.net or call (530) 458-4141 ext. 100.

More News

Quilters serve local needs, fire victims

Had it not been for a coronavirus pandemic, the Pacific Flyway Quilters would have held their annual Community Service Giveaway Night with a little...

Colusa County Office of Education – Request for Proposals

COLUSA COUNTY OFFICE OF EDUCATION REQUEST FOR PROPOSALS The Colusa County Office of Education (CCOE) is accepting emailed bids for the bulk purchase of LTE Equipment...

CUSD working to get some students back to school

The Covid-19 pandemic has changed modern education in a way never before experience. For most schools in the state of California, getting students back to...

Life, as I see it: Wind down

As the weather turns cooler and days begin to be shorter, I find myself winding down. The business of summer, the craving to spend...

Local Government

City grants permit for cannabis expansion

Colusa’s first cannabis nursery is now looking to expand operations to include full marijana cultivation. The Colusa City Council voted 4-1, on Sept. 15, to...

Local governments spending CARES to boost IT infrastructure

In order to reduce physical interaction between individuals in the era of Covid-19, local governments are using CARES Act funding to invest in better...

County appoints new Airport Advisory Committee

The Colusa County Board of Supervisors on Sept. 1 appointed seven members to the newly restructured Airport Advisory Committee. The previous committee of about 15...

Public & Legal Notices

City of Colusa – Notice of Public Hearing

CITY OF COLUSA CITY COUNCIL NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT THE CITY COUNCIL will hold a Public Hearing in the City Council...

City of Colusa – Notice of Public Hearing

CITY OF COLUSA CITY COUNCIL NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT THE CITY COUNCIL will hold a Public Hearing in the City Council...

County of Colusa – Notice of Vacancy – Colusa Cemetery District

COUNTY OF COLUSA NOTICE OF VACANCY Notice is hereby given that the Colusa County Board of Supervisors  is soliciting applications to fill a vacancy for an...

City of Colusa – Ordinance No. 542

CITY OF COLUSA ORDINANCE NO. 542 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLUSA REZONING APPROXIMATELY 5.39 ACRES TO GENERAL COMMERCIAL PLANNED DEVELOPMENT...

Colusa County Resource Conservation District – Request for Statement of Qualifications for Contractors

COLUSA COUNTY RESOURCE CONSERVATION DISTRICT REQUEST FOR STATEMENT OF QUALIFICATION FOR CONTRACTORS FOREST HEALTH PROJECT PHASE 1 IN COLUSA COUNTY The Colusa County Resource Conservation District...