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Norwalk WPCA hears five-year financial plan, schedules public hearing on proposed rate increases

2988171 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Consultant Woodard & Curran outlined a five‑year financial forecast for the Norwalk Water Pollution Control Authority, recommending a 4.4% rate increase next year and 4% annually for the following four years to fund a $56.6 million capital program; the WPCA set a public hearing for Feb. 18, 2025.

Norwalk Water Pollution Control Authority members on an evening January meeting heard a five‑year financial plan from consultants Woodard & Curran that recommends a 4.4% user‑rate increase for the next fiscal year followed by 4% annual increases for the next four years, and the WPCA voted unanimously to hold a public hearing on the proposal at 5:30 p.m. Tuesday, Feb. 18, 2025.

The plan, presented by consultants Kait Kolbrenner and Katie Maguire of Woodard & Curran, projects revenues and expenses for fiscal 2026–2030 and is intended to fund capital and operating needs while maintaining a target operating reserve equivalent to about seven months (roughly 210 days) of operating expenses. The consultants said the capital program included in the forecast totals…

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