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Staff presents water and electric forecasts; water cost-of-service suggests large near-term increase, council hears 2% electric proposal
Summary
City staff presented water and electric utility forecasts and customer‑bill examples at a July 19 budget work session, describing cost‑of‑service scenarios and a proposed 2% electric rate increase in FY26.
City staff presented water and electric utility forecasts and customer‑bill examples at the July 19 budget work session, describing how cost‑of‑service recommendations would affect cash reserves and customer bills.
Why this matters: Utility rate adjustments change recurring costs for households and businesses and are subject to public notice and rate‑board review. Forecasts inform the broader FY26 budget and the council’s decision about whether to include a rate change in the adopted budget.
Water: staff showed the cost‑of‑service model and said the consultant’s proposed scenario calls for a notable near‑term revenue increase to maintain operating targets. Staff…
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