Postage prices going up just a lick | SummitDaily.com

Postage prices going up just a lick

DAILY NEWS STAFF REPORT

SUMMIT COUNTY Before you get ready to drop your next bill, letter or card in the mailbox, make sure to add an extra two cents worth of postage to the envelope. Postage rates will rise 5.4 percent across the board beginning on Jan. 8. The Board of Governors of the U.S. Postal Service voted recently to accept the Postal Rate Commission’s recommendations to increase the fees.The hike is the first since June 2002, and is needed to fulfill a requirement established by a federal law passed in 2003. That law requires the Postal Service to establish a $3.1 billion escrow account, with use of the funds to be determined by Congress at a later date.Among the rate adjustments, the single-piece rate for a first class stamp will increase from 37 cents to 39 cents, and the postcard rate will increase by one cent to 24 cents. The prices for others services such as priority mail and delivery confirmation will go up as well.New 39-cent Lady Liberty stamps and 2-cent Navajo Jewelry stamps are now available at post offices, online at http://www.usps.com and by calling 1-800-STAMP-24. People are urged to purchase new stamps before the Jan. 8 rate change to save time.