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City staff updates council on water and sewer finances; Jacobs projects 11% rate increase
Summary
Crestview staff presented a 10-year utilities pro forma prepared by Jacobs Engineering projecting an 11% increase to keep water and sewer operations balanced; council members expressed concern about cumulative recent increases and requested a customer-bill example.
City of Crestview staff told the council the city's utility fund is on a multi‑year trajectory that may require rate increases to support operations and the capital program.
Jess (city staff) said the city provided Jacobs Engineering with an updated project list and is awaiting refreshed numbers; Jacobs' 10‑year pro forma prepared last year recommended an 11% increase to keep operations solvent. "Last year and this year, it was projected that we would need to go up 11% to keep operations in balance," Jess said.
Staff traced the trajectory of prior years' actions: a large 2022 recommended increase (staff negotiated a smaller increase and stretched financing),…
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