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Hastings staff proposes converting utility pilot payments into a city dividend fee for transparency
Summary
Utility staff proposed moving existing payment-in-lieu pilot charges out of utility rates and into an explicit city dividend fee on customers' bills, with the city council setting the dividend rate; staff said the change would improve transparency and give the city more budgetary flexibility.
Hastings utility staff told the advisory board they plan to propose converting three existing “pilot” payment-in-lieu-of-tax (PILOT) charges — for electric, gas and water — into a city dividend fee that would be shown separately on customer bills.
Staff framed the change as a transparency and budget-management move: instead of burying the pilot percentages inside utility rates, the equivalent amount would be removed from rates and listed as a fee that the city council could set each year.
Derek (staff member) described the proposal: “The proposal right now is, to convert the current pilot, which would include a gas pilot, an electric pilot, and a water pilot, into a city dividend fee.” Staff…
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