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Carefree UCFD, Water Company adopt $9.9 million combined budget; 4.4% water rate increase approved
Summary
The Utilities Community Facilities District and Carefree Water Company adopted final fiscal year 2025–26 budgets totaling about $9.9 million and approved a 4.4% across-the-board water rate increase, while staff told board members the company’s revenues will cover debt service despite a lower year-end UCFD balance.
The Utilities Community Facilities District (UCFD) and the Carefree Water Company on June 3 adopted final fiscal year 2025–26 budgets totaling about $9.9 million and approved a 4.4% across‑the‑board water rate increase.
Greg Crossman, a staff member who presented the budgets, told the board the UCFD budget is $4,700,000 and the Carefree Water Company budget is $5,200,000, and that the 4.4% rate increase — the fifth and final year of a five‑year rate plan approved in 2021 — will generate roughly $200,000 in additional revenue for the coming fiscal year. Crossman said a public hearing was held after the May 6 meeting and “no public comments were received.”
The budget packag…
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