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Utilities, airport, transit and other enterprise funds generally solvent; electric and water faces longer‑term pressure
Summary
Finance staff said most enterprise funds (electric, airport, transit, sanitary sewer, stormwater, solid waste, parking and railroad operations) are solvent under current plans, though electric and water may require rate discussion before 2029. Transit operations remain subsidized by the transportation sales tax.
Finance staff briefed council on enterprise funds, reporting most funds as stable in the near term but flagging future pressure for electric and water if current trends continue.
On the electric utility, staff said the fund is in "a relatively okay spot for the next couple of years" but may dip below targets around 2029 unless action is taken; staff advised that a rate increase discussion may be needed one to two years before an anticipated shortfall. ‘‘We do not include a rate increase in these projections; we just have a…
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