Sequim staff propose multiyear water, sewer rate and hookup-fee increases to avoid reserve shortfall
City staff presented models showing current utility revenues will fall below the city's reserve policy within the next decade unless Sequim raises rates and general facility charges; staff will bring a draft ordinance and request a public hearing at the next council meeting.
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Staff from Sequim's utilities and finance departments presented a multiyear rate and general facility charge (GFC) proposal at a June 12 work session, saying models show the utilities' cash position could cross the city's minimum-reserve threshold within five to 10 years if changes are not made.
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