Staff outlines options for utility projects, CO funding and rate-study interactions
Staff told the council leftover 2021 utility CO funds could be applied to overdue water and wastewater maintenance projects; they emphasized differences between utility-rate funding and taxpayer-funded projects and how that choice affects which projects the rate study should cover.
The full story
City staff told the council that the certificate-of-obligation balance in the utility account provides another avenue to fund overdue water and wastewater maintenance projects and equipment. The presentation stressed that utility projects and personnel paid from the utility fund should generally not be subsidized from the general fund.
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