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Council hears three rate scenarios; staff to schedule public presentation before March
Summary
City staff reviewed three proposed water-rate scenarios intended to bring the utility fund into financial balance and into compliance with the Texas Water Development Board requirement that revenue equal or exceed expenses.
City staff reviewed three proposed water-rate scenarios intended to bring the utility fund into financial balance and into compliance with the Texas Water Development Board requirement that revenue equal or exceed expenses. The rate study, which includes the Lower Colorado River Authority (LCRA) contract figures, was presented as part of the FY2025–26 budget workshop.
Why it matters: staff reported the utility’s current coverage ratio is roughly 0.81 (revenue divided by expenses), below the 1.0 threshold that the Texas Water Development Board expects for eligibility for grants and other funding programs. Council members repeatedly emphasized protecting low-use residential…
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