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Monona staff propose 20% sewer rate increase after sharp Madison Metro fee jumps
Summary
City staff recommended a 20% increase to Monona’s sanitary sewer rates, citing large, recent cost increases from the Madison Metropolitan Sewerage District and a debt covenant that the utility’s revenues must meet; council heard the first reading and directed staff to return with more data before a vote.
Monona City Council heard a first reading of a resolution proposing a 20% increase in the city’s sanitary sewer rates, city staff said, to maintain required revenue coverage after large fee increases from the regional sewer authority.
Mark (staff member) told council the proposal is driven mainly by higher charges from the Madison Metropolitan Sewerage District. “So what I’m recommending is a increase to the sewer rates of 20%,” he said. He added that the city faces a covenant tied to revenue bonds requiring that operating revenues (excluding depreciation) exceed 1.25 times the highest annual debt service.
The increase is intended to keep Monona in compliance with that covenant and to close an operating shortfall…
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