The Palestine Herald, Palestine, Texas

Local News

January 24, 2014

USPS postage rate increase begins on Sunday

(Continued)

PALESTINE —

Except in exceptional or extraordinary circumstances, postage price increases are capped at the rate of inflation as measured by the CPI.

The Postal Service filed for the price increase above CPI due to extraordinary and exceptional circumstances which have contributed to continued financial losses.

The Postal Service recorded a $15.9 billion net loss in the 2012 fiscal year and recorded a loss of roughly $6 billion in the 2013 fiscal year.

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

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