Postal Rates to Go Up; Holiday Mailing Deadlines Announced

The cost of a First Class postage stamp will go from 37 cents to 39 cents in January if, as expected, the Postal Service’s Board of Governors approves the rate hikes recommended by the independent Postal Rate Commission last week, the Associated Press reports. The Postal Service had requested an across-the-board increase of 5.4 percent, which was accepted by the Commission with a few revisions.

Media and Book rates were increased to 12.7 percent and increases for nonprofits and local newspapers were reduced to 2.3 percent. Nonprofits are expected to pay $17 million less than expected, the Chatham Journal Weekly reported.


Advertisement


Click Here
A total accounting solution for client data management! Allows you to offer “Software as a Service”! Clients have access to a complete, fully integrated accounting software suite, while you can review and report real time financial data. SinglePoint combines the power, flexibility and security of software from Cougar Mountain Accounting with the advanced technology of a dedicated application server from Applianz Technologies. Learn more!


Cougar Mountain Home Cougar Mountain Accounting
Sign up for a Web Demo Cougar Mountain Point of Sale
Request a Call Cougar Mountain FUND



The rate increases, the first in three years, will enable the Postal Service to make an escrow payment of $3.1 billion in 2006 that is mandated by Congress. A bill that would make changes in Postal Service operations and eliminate the payment has been passed by the House, but is pending in the Senate.

Rates on all classes of mail, including Priority Mail, Express Mail and Certified Mail will go up. The increase is below the rise in the Consumer Price Index over that period, according to the Chatham Journal Weekly.

The Postal Service also announced that Express Mail deliveries will be made 365 days this year, including December 25.

The deadline for first class mail to be delivered by December 24 is December 19th, according to the Postal Service. Holiday domestic shipping deadlines are:

  • Parcel Post – December 14
  • Priority Mail – December 21
  • Express Mail – December 23

You may like these other stories...

The Public Company Accounting Oversight Board (PCAOB) on Monday reminded auditors that they should continue adhering to the board’s existing standards when considering an organization’s ability to operate as a...
Exclusive: Lois Lerner breaks silenceIn her first press interview since the IRS Tea Party targeting scandal broke 16 months ago, ex-agency official Lois Lerner told Politico that employers won’t hire her, she’s...
Cybersecurity is no longer the domain of an organization's IT staff. It's moved to the boardroom, and in a big way. Accountants and financial managers may have been thinking it's just the province of the tech...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.