During a recent government meeting, council members engaged in a detailed discussion regarding the upcoming budget and water rate models, focusing on two primary scenarios for future water rates. The council expressed a preference for a flatter approach to water rates, which would minimize dramatic fluctuations and provide residents with more predictable costs. However, some members voiced concerns about the implications of this approach on reserve requirements in the coming years.

One council member indicated a slight preference for a scenario that would keep rates lower for the next three years, citing the unpredictability of various factors, including weather, that could impact future projections. The discussion highlighted the complexities involved in forecasting water rates, with members acknowledging the challenges of planning several years into the future.

As the council prepares for the budget public hearing scheduled for September 9, they will also address the first readings of the fiscal year 2025 budget, tax rate, and non-development fees. Notably, the proposed tax rate requires a 60% approval vote due to its positioning above the no-new-revenue threshold but below the current and voter-approved rates.

The meeting concluded with an acknowledgment of the hard work put in by the budget teams and departments throughout the year, emphasizing the importance of thorough preparation ahead of the budget adoption process. The council encouraged members to reach out with any questions prior to the upcoming meetings to ensure a smooth adoption process. Following the public discussions, the council moved into an executive session to deliberate on economic development matters and consult with the city attorney regarding ongoing litigation.