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Committee recommends 20% sanitary sewer rate increase; cites MMSD charges and rising debt costs
Summary
Faced with rising charges from the Madison Metropolitan Sewerage District and higher debt-service requirements, staff proposed and the committee recommended a 20% increase to sanitary sewer rates to meet required debt-coverage ratios and fund planned upgrades.
The committee recommended that the City Council approve a 20% increase in sanitary sewer rates, citing large and unpredictable cost increases levied by the Madison Metropolitan Sewerage District (MMSD), recent increases in the city’s debt service, and the need to meet a required debt-service coverage ratio.
Mark, the presenter on the item, told the committee that MMSD charges have been rising and that the city must keep revenues at least 1.25 times its debt-service…
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