LAKE CHARLES, LA (KPLC) - The next time you go to the post office to pay those bills or mail those packages, you may end up having to pay more.
The United States Postal Service is facing a $7 billion deficit in the upcoming fiscal year. To combat this shortage, the Postal Service is looking to increase prices on First Class mail. Stamps would go from 44 to 46 cents, post card stamps would go up to 30 cents, and large envelopes would cost 92 cents, among other increases.
Stephen Seewoester, the communication specialist for the U.S. Postal Service, says "the U.S. Postal Service has been suffering from a financial downturn over the last couple of years like a lot of businesses, so we're anticipating a seven billion dollar short fall in the next fiscal year and so this increase would help to raise about three million of that difference."
The Postal Regulatory Commission will vote on the proposal in October and if approved, the changes would take effect in January 2011.