It's public math and I could be wrong, but let's go with it.
Assume 15 yr W/B Capt, 1,000 CH per year, and that 'normal' 3% raise each year:
Code:
Rate 1,000 CH Lost per yr
Mar-12 $260.61 $260,610.00
Mar-13 $268.43 $268,430.00 $7,820.00
Mar-14 $276.48 $276,480.00 $8,050.00
Mar-15 $284.78 $284,780.00 $8,300.00
Nov-15 $291.18 $291,180.00 $6,400.00
total lost $30,570.00
So 3% per year would be $291.18 or 12% of current book. That means there's a perpetual 2% deficit
.
And notice that the $35K 'bonus' would only cover next year's deficit of $4,510
.