In a recent government meeting, officials discussed proposed changes to water rates for both residential and commercial customers, aiming to balance financial sustainability with minimal impact on residents. For 2025, the plan includes a 16% increase in commercial water rates, while residential rates will see a modest 3% rise. This approach reflects a strategic decision to place a heavier financial burden on commercial users, thereby alleviating pressure on households.

The proposed residential water rates will remain stable over the next five years, with a consistent 3% increase projected through 2029. The base meter charge for residential customers will rise slightly from $12.12 to $12.48 per month, with the cost per additional 1,000 gallons increasing from $3.11 to $3.20. Officials emphasized that while the percentage increases may appear significant, the actual dollar amounts are relatively low, particularly for families.

On the commercial side, the rate increases will taper off after 2025, with projections of 15% in 2026, 12% in 2028, and 8% in 2029. This gradual reduction aims to ensure that revenue meets operational and maintenance needs without overburdening businesses.

Concerns were raised about the substantial reserves projected for 2028 and 2029, which could reach 47%, significantly above the required 20%. Officials are exploring options to adjust the rate increases in those years to better align with reserve requirements and lessen the financial impact on current residents and businesses.

Overall, the proposed rate adjustments reflect a careful balancing act between maintaining essential services and managing the financial implications for the community.