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Bloomington council approves water rate increase and authorizes bonds to fund treatment and distribution projects
Summary
After presentations from utilities staff and consultants, the council adopted Ordinance 20‑25‑35 to raise water rates (overall revenue requirement increase ~30.5%) and later passed Ordinance 20‑25‑36 authorizing up to $71 million of waterworks revenue bonds to fund plant upgrades, distribution improvements and a new service center.
The Bloomington Common Council on Sept. 30 approved an increase in water rates and authorized the city to issue revenue bonds to fund roughly $84 million of water‑system capital improvements.
Utilities Director Catherine Zager and outside consultants presented a multi‑part justification for the change. Jennifer Wilson of Crowe summarized the revenue requirement analysis, saying the utility needs additional annual revenue to fund an $84 million capital improvement plan and to maintain a target level of annual pay‑as‑you‑go funding. Wilson said the audit and test‑year normalizations produced a recommended overall revenue increase of about 30.5 percent.
Consultant Stantec explained the cost‑of‑service and rate‑design work that translates the revenue requirement into customer‑class rate changes. Danica Katz (Stantec) said the city used AMI meter…
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