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Postal service wants to raise stamp prices - abc27 WHTM

Postal service wants to raise stamp prices

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HERSHEY, Pa. (WHTM) -

It may soon cost more to send snail mail. The U.S. Postal Service wants to increase stamp prices by three cents.

The financially struggling agency expects to lose $6 billion this year and believes increasing stamp prices from 46 cents to 49 cents would generate billions.

The proposed price hike may be only pennies to most, but Steve Moskowitz, executive director of the Antique Automobile Club of America in Hershey, said it would be bad for nonprofit groups like his.

"When the expenses go up, that's a tough thing on us," Moskowitz said.

"With 60,000 members, and we stay in contact with them a lot, so we do a lot of mailing," he said. "How that's gonna add up, I haven't done the math yet, but you know when expenses go up you gotta take a look at where that money's coming from."

With more than 100,000 letters mailed from the car club every year, they will have to either raise revenue or cut costs.

"Hopefully, it's not gonna be too big of an effect on our organization," Moskowitz said.

Despite that, Moskowitz gives his stamp of approval to the rate hike.

"We also understand that the post office is hemorrhaging a lot of money and there's no free lunch in this world," he said. "We understand those issues, but it's gonna be a tough one for us."

The cost of a post card could also go up a penny to 34 cents.

The proposed rate hike must be voted on. If approved, stamp prices would increase in January.

 

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