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Thousand Oaks council accepts water and wastewater financial plans, sets Nov. 4 Prop. 218 hearing
Summary
The city council accepted staff—inancial plans recommending 5% annual water revenue adjustments and 7% annual wastewater increases for 2026 nd 2027, and directed staff to mail Proposition 218 notices and hold a Nov. 4 public hearing.
Thousand Oaks City Council on Sept. 9 accepted updated financial plans for the city—lectricity-dependent water system and the Hill Canyon wastewater system and set a Proposition 218 public hearing for Nov. 4 on proposed rate changes.
The council ccepted staff recommendations that would implement roughly 5% annual revenue adjustments for water in 2026 and 2027 and 7% annual revenue adjustments for wastewater in 2026 and 2027, continue a wholesale water cost pass-through, and adopt drought rates as an optional tool for future use. Council voted 5-0 to accept the studies and to proceed with Prop. 218 notices and the November hearing.
The budget officer, Tara Tosado, told the council the city serves about 17,000 water customers and about 38,000 wastewater accounts and faces…
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