News

It’s going to cost more to mail that letter

It’s going to cost more to mail that letter

The USPS says it needs to increase the cost of a first-class stamp. Photo: Associated Press

WASHINGTON (AP) — The financially ailing Postal Service is seeking a 3-cent increase in the cost of mailing a letter — and that would raise the price of a first-class stamp to 49 cents.

The chairman of the postal Board of Governors, Mickey Barnett, cites the “precarious financial condition” of the agency and the uncertain prospects for postal overhaul legislation in Congress.

The agency expects to lose $6 billion this year.

Wednesday’s request for the increase in stamp prices must be approved by the independent Postal Regulatory Commission.

The Postal Service said it would ask for adjustment to bulk mail rates in a filing with the commission Thursday. No details were immediately provided.

Media and marketing businesses say a big increase in rates could hurt them and lower postal volume and revenues.

Recent Headlines

in Local

The City of Yankton’s Sales Taxes Have Turned Around

Money Coins

After some errors by the state revenue department, the sales taxes for Yankton are looking much better.

in Local

Wanted: Marina Operator

Boater

The current lease for the operation of the marina at the Lewis and Clark State Recreation Area is set to expire at the end of this year, and the South Dakota Department of Game, Fish and Parks is looking for someone interested in taking over.

in Local

Transportation Bill Is Short Term Fix

Road Construction

Before adjourning earlier this month, Congress passed another short term transportation bill. That bill continues the bulk of funding for highway construction projects across the country, but only until next spring.

in Local

District 40 Candidates Debate

WP-Microphone

The two candidates for the District 40 Senate seat in the Nebraska Unicameral debated this week in Hartington.

in Local

Raise For Social Security Recipients

Money Coins

Folks on Social Security will see a one point seven percent increase in their benefits starting on January first.