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Consultants recommend 5‑year water/sewer rate plan with 9.5% FY26 increase; public hearing set for Oct. 21
Summary
Davenport and Jacobs presented a water and sewer rate study Oct. 7, 2025 that recommends a five‑year rolling plan using short‑term financing and elimination of a PILOT transfer; staff recommended a FY26 9.5% rate increase with a public hearing scheduled for Oct. 21 to consider adoption.
Consultants from Davenport and Company and Jacobs presented a water and sewer rate study to the Petersburg City Council work session on Oct. 7, 2025, recommending a five‑year rolling plan that would begin with a proposed 9.5% rate increase in fiscal 2026 and use short‑term financing to temper early rate impacts.
Roland Couch of Davenport and Keith Bish of Jacobs told council deferred capital needs and debt planning drove the analysis. The study estimated roughly $190 million in deferred capital improvements, of which roughly $130 million could be funded with general obligation debt and low‑interest loans. Consultants modeled three scenarios and recommended “scenario 3,” which eliminates…
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